s %252F%252Fnewconnect.mheducation.com%252F#/acti Help Saved Required information Problem 18-3A Schedule of cost of goods manufactured and income statement; inventory analysis LO P2, A1 [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 $ 32,000 9,700 10,900 35,000 105,300 9,600 Direct labor Income taxes expense Indirect labor Miscellaneous production costs Office salaries expense Raw materials purchases 42,000 Rent expense-office space 154,800 Rent expense-Selling space Rent expense-Factory building 17,900 Sales Sales salaries expense 193,000 Maintenance expense-Factory equipment 19,900 162,100 143,1001 $ 676,200 256,200 59,200 9,200 74,000 964,000 29,000 29,300 82,000 36,500 4,566,700 397,900 Problem 18-3A Part 2 9 < Prev 3 of 8 Next > 2. Prepare the company's 2019 income statement that reports separate categories for (a) selling expenses and administrative expenses. Answer is not complete. LEONE COMPANY Income Statement For Year Ended December 31, 2019 Cost of goods manufactured Cost of goods sold Advertising expense Depreciation expense-Factory equipment Rent expense-Factory building Goods available for sale Cost of goods sold Operating expenses Selling expenses $ 2,347,700 $ 32,000 10,900 29,300 72,200 72,200 2,275,500 Required information Goods available for sale Cost of goods sold Operating expenses Selling expenses Total selling expenses General and administrative expenses 72,200 72,200 2,275,500