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The following calendar year-end information is taken from the December 31, 2019. adjusted trial balance and other records of Leone Company 685, 200 236, 200

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The following calendar year-end information is taken from the December 31, 2019. adjusted trial balance and other records of Leone Company 685, 200 236, 200 55,300 9.200 Advertising expense Depreciation expense office equipment Depreciation expense-Selling equipotent 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 5 26,500 Direct labor 7,509 Income taxes expense 10.100 Indirect labor 34, 200 Miscellaneous production costs 183, 400 office salaries expense 9,200 Raw materials purchases 31,000 Rent expense office space expense Selling space 800 Rent expense Factory building Maintenance expense Factory equipment 925,000 24,000 28,500 3,009 505,500 390,300 required information 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

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