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 Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used Factory utilities Inventories Raw materials, December 31, 2018 Raw materials, December 31, 2019 Work in process, December 31, 2018 Work in process, December 31, 2019 Finished goods, December 31, 2018 Finished goods, December 31, 2019 $ 28,400 Direct labor 7,800 Income taxes expense 9,900 Indirect labor 37,900 Miscellaneous production costs 108,200 Office salaries expense 9,300 Raw materials purchases 36,000 Rent expense-Office space Rent expense-Selling space 152,200 Rent expense-Factory building 188,000 Maintenance expense-Factory equipment 18,500 Sales 19,500 Sales salaries expense 165,300 143,900 $ 691,900 268, 200 55,700 11,600 69,000 942,000 22,000 29,800 76,2001 35,300 4,475,400 391,900 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 0 Cost of goods sold 0 0 Operating expenses Selling expenses 0 Total selling expenses General and administrative expenses 0 Total general and administrative expenses Total operating expenses Income before taxes 0 0 Net income $ 0