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	$	33,400		Direct labor	$	672,000
Depreciation expenseOffice equipment		7,700		Income taxes expense		241,800
Depreciation expenseSelling equipment		10,000		Indirect labor		58,000
Depreciation expenseFactory equipment		37,700		Miscellaneous production costs		9,700
Factory supervision		134,900		Office salaries expense		62,000
Factory supplies used		9,000		Raw materials purchases		972,000
Factory utilities		36,000		Rent expenseOffice space		21,000
Inventories				Rent expenseSelling space		29,200
Raw materials, December 31, 2018		158,300		Rent expenseFactory building		76,600
Raw materials, December 31, 2019		182,000		Maintenance expenseFactory equipment		37,300
Work in process, December 31, 2018		16,200		Sales		4,446,700
Work in process, December 31, 2019		24,200		Sales salaries expense		397,200
Finished goods, December 31, 2018		165,300
Finished goods, December 31, 2019		136,900

2. Prepare the companys 2019 income statement that reports separate categories for (a) selling expenses and (b) general and administrative expenses.