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 9,900 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 $ 29,500 Direct labor 11, 200 Income taxes expense 10, 100 Indirect labor 39,200 Miscellaneous production costs 133,300 office salaries expense Raw materials purchases 38,800 Rent expense office space Rent expense Selling space 169,300 Rent expense Factory building 184, 800 Maintenance expense Factory equipment 15,900 Sales 21,500 Sales salaries expense 165,500 143,700 $ 75, 8001 288, GOD 59,300 11,800 62, 6001 943,000 20, 0001 27, 300 79, 7001 38,600 4,566,100 398, 100 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 Cast of goods sold Operating expenses Selling expenses Total seling expenses General and administrative expenses Total general and administrative expenses Total operating expenses Income before taxes Net income