Required Information [The following information applies to the questions displayed below.] The following year-end Information is taken from the December 31 adjusted trial balance and other records of Leone Company Advertising expense Depreciation expense-Office equipment Depreciation expense-selling equipment Depreciation expense-Factory equipment Raw materials purchases (all direct materials) Maintenance expense-Factory equipment Factory utilities Direct labor Indirect labor Office salaries expense Rent expense-office space Rent expense-selling space Rent expense-Factory building Sales salaries expense $ 42,000 21,600 22,00 64,000 740,000 40,200 35,800 456,000 68,000 41,000 25,000 60,000 144,000 346, eee Using the following additional Information for Leone Company, complete the requirements below. Raw materials inventory, beginning $ 148, eee Raw materials inventory, ending 153, eee Work in process inventory, beginning 44, eee Sales 2,506, eee Work in process inventory, ending 48, eee Finished goods inventory, beginning 62, eee Finished goods inventory, ending 70, eee Required: 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year Income statement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the schedule of cost of goods manufactured for the current year. LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31 Direct materials Raw materials available for use 0 Direct materials used S 0 Factory overhead 0 Total factory overhead Total manufacturing costs 0 Total cost of work in process 0 Cost of goods manufactured $ 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the current year income statement. LEONE COMPANY Income Statement For Year Ended December 31 Cost of goods sold Goods available for sale 0 Cost of goods sold 0 0 $ 0