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 $ 27,500 Direct labor 8,000 Income taxes expense 9,900 Indirect labor 35,900 Miscellaneous production costs 104,300 Office salaries expense 9,400 Raw materials purchases 33,000 Rent expense-Office space Rent expense-Selling space 167,500 Rent expense-Factory building 180,000 Maintenance expense-Factory equipment 18,500 Sales 22,200 Sales salaries expense 162,400 136,300 $ 671,800 250,500 57,300 10,700 74,000 989,000 26,000 28,600 82,500 39,600 4,485,700 391,600 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 Raw materials, December 31, 2018 Raw materials purchases Raw materials, December 31, 2019 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