$[$The following information applies to the questions displayed below.$]$

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

Advertising expense $ $28,750$

Depreciation expense$$Office equipment $7,250$

Depreciation expense$$Selling equipment $8,600$

Depreciation expense$$Factory equipment $49,325$

Raw materials purchases $($all direct materials$)925,000$

Maintenance expense$$Factory equipment $35,400$

Factory utilities $33,000$

Direct labor $675,480$

Indirect labor $159,475$

Office salaries expense $63,000$

Rent expense$$Office space $22,000$

Rent expense$$Selling space $26,100$

Rent expense$$Factory building $76,800$

Sales salaries expense $392,560$

Using the following additional information for Leone Company, complete the requirements below.

Raw materials inventory, beginning $ $166,850$

Raw materials inventory, ending $182,000$

Work in process inventory, beginning $15,700$

Sales $4,462,500$

Work in process inventory, ending $19,380$

Finished goods inventory, beginning $167,350$

Finished goods inventory, ending $136,490$

Required:

Prepare the schedule of cost of goods manufactured for the current year.

Prepare the current year income statement.