[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 $ 63, 20e Depreciation expense-Office equipment 42, 90e Depreciation expense-Selling equipment 43, ege Depreciation expense-Factory equipment 85, 20e Raw materials purchases (all direct materials) 950, 208 Maintenance expense-Factory equipment 46,509 Factory utilities 40, 290 Direct labor 549. 898 Indirect labor 81, 208 Office salaries expense 49, 206 Rent expense-Office space 29,290 Rent expense-Selling space 79, 298 Rent expense-Factory building 168, 890 Sales salaries expense 403, 909 Using the following additional information for Leone Company. complete the requirements below. Raw materials inventory, beginning $ 198, 989 Raw materials inventory, ending 195, 989 Work in process inventory, beginning 57,980 Sales 3, 111, 980 Work in process inventory, ending 61, 909 Finished goods inventory, beginning Be, 090 Finished goods inventory, ending 88, 080 Required: 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year income statement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the current year income statement, LEONE COMPANY Income Statement For Year Ended December 31 Cost of goods sold Goods available for sale Cost of goods soldRequired Information [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 $ 63,090 Depreciation expense-Office equipment 42, 680 Depreciation expense-Selling equipment 43, 080 Depreciation expense-Factory equipment 85, 090 Raw materials purchases (all direct materials) 950, 080 Maintenance expense-Factory equipment 46,580 Factory utilities 40 680 Direct labor 540, 080 Indirect labor Office salaries expense 49, 980 Rent expense-Office space 29,080 Rent expense-Selling space 70, 080 Rent expense-Factory building 168, 080 Sales salaries expense 483, 080 Using the following additional Information for Leone Company. complete the requirements below. Raw materials inventory, beginning $ 190,600 Raw materials inventory, ending 195,806 Work in process inventory, beginning 57,800 Sales 3,111,800 Work in process inventory, ending 61,809 Finished goods inventory, beginning Finished goods inventory, ending 18, 800 Required: 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year Income statement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the schedule of cost of goods manufactured for the current year. LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31 Direct materials Raw materials available for use Direct materials used Factory overhead Total factory overhead Total manufacturing costs