Required information [The following information applies to the questions displayed below.) The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other records of Leone Company. Advertising expense $ 27,900 Direct labor $ 670,100 Depreciation expense-Office 9,900 Income taxes expense equipment 246,900 Depreciation expense-Selling equipment 10,200 Indirect labor 58,600 Depreciation expense-Factory 35,500 Miscellaneous production costs 10,600 equipment Factory supervision 119,000 Office salaries expense 68,000 Factory supplies used 9,600 Raw materials purchases 961,000 Factory utilities 39,000 Rent expense-Office space 21,000 Inventories Rent expense-Selling space 29, 200 Raw materials, December 31, 2018 157,100 Rent expense-Factory building 80,800 Raw materials, December 31, 176,000 Maintenance expense-Factory 2019 38,000 equipment Work in process, December 31, 2018 18,400 Sales Work in process, December 31, 24,000 Sales salaries expense 2019 395,200 Finished goods, December 31, 166,700 2018 Finished goods, December 31, 2019 139, 100 4,455,800 Required: 1. Prepare the company's 2019 schedule of cost of goods manufactured. LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Direct materials Raw materials available for use Direct materials used Factory overhead Total factory overhead costs Total manufacturing costs Total cost of work in process Cost of goods manufactured 2. Prepare the company's 2019 income statement that reports separate categories for (a) selling expenses and (b) general and administrative expenses. LEONE COMPANY Income Statement For Year Ended December 31, 2019 Cost of goods sold Goods available for sale Cost of goods sold Operating expenses Selling expenses Total selling expenses General and administrative expenses Total general and administrative expenses Total operating expenses Income before taxes Net income