The following calendar year-end information is taken from the December 31, 2015, adjusted trial balance and other records of Leone Company.

Advertising expense	$	26,900		Direct labor	$	690,300
Depreciation expenseOffice equipment		9,400		Income taxes expense		271,200
Depreciation expenseSelling equipment		10,800		Indirect labor		59,000
Depreciation expenseFactory equipment		37,800		Miscellaneous production costs		10,900
Factory supervision		116,600		Office salaries expense		65,000
Factory supplies used		8,700		Raw materials purchases		981,000
Factory utilities		43,000		Rent expenseOffice space		28,000
Inventories				Rent expenseSelling space		27,600
Raw materials, December 31, 2014		160,700		Rent expenseFactory building		77,200
Raw materials, December 31, 2015		177,000		Maintenance expenseFactory equipment		39,600
Work in process, December 31, 2014		19,400		Sales		4,536,100
Work in process, December 31, 2015		24,300		Sales salaries expense		390,800
Finished goods, December 31, 2014		164,700
Finished goods, December 31, 2015		144,200

10.

value: 10.00 points

Required information

Required:

1.	Prepare the companys 2015 schedule of cost of goods manufactured.

Prepare the companys 2015 income statement that reports separate categories for (a) selling expenses and (b) general and administrative expenses.