The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other records of Leone Company. supervision Advertising expense Depreciation expense-office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory Factory supplies used Factory util 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 $ 25, 300 Direct labor 9,600 Income taxes expense 9,800 Indirect labor 36,300 Miscellaneous production costs 117,800 Office salaries expense 9,800 Raw materials purchases *14 37,000 Rent expense-Office space Rent expense-Selling space 156,900 Rent expense-Factory building 186,000 Maintenance expense-Factory equipment 19,900 Sales 19,900 Sales salaries expense 166,100 144,100 $ 692,6001 288,200 56,400 9,700 65,000 941,000 42.000 29,900 79,000 39,600 4,486,400) 393,100 23,000 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 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