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[The following information applies to the questions displayed below.) The following calendar year and information takon trom the December 21, 2015. tance and other records

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[The following information applies to the questions displayed below.) The following calendar year and information takon trom the December 21, 2015. tance and other records of Leone Company Advertising expense Depreciation expense-Office Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used Factory Inventories Raw materials, December 31, 2014 Raw materias December 31, 2015 Work in process, December 2014 Work in process, December 2015 Finished goods December 21, 2016 Finished goods December 2015 $ 26,900 Director 7600 Income expose 90,000 Indirector 30,100 Mecaneous production comes 128.500 Orice les 9.500 R paches 42.000 Bondependence Rent pense-Setings 163.500 Por expense-Factory Ding 154.000 Maintenance expectory 18000 Sales 1900 Sales 157.900 136.800 $ 1.900 279.200 59.500 2.000 67000 971.000 29.000 25.900 80.600 35.500 4556 300 391,600 Regi 2.40 points Required: Prepare the company's 2015 schedule of cost of goods manufactured LEONE COMPANY Schedule of Cost of Good Manufactured For Year Ended December 31, 2015 Direct materials Raw materas available for Direct materials used 5 . Factory Overhead Total factory overhead costs Total manufacturing Total cost of work in process 5 Cost of goods manufactured . 2. Prepare the company's 2015 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, 2015 Cost of goods sold 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 $

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