The following year-end information is taken from the December 31 adjusted trial balance and other records of Leone Company Advertising expense Depreciation expense-office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Raw materials purchases (all direct materials) Maintenance expense-Factory equipment Factory utilities Direct labor Indirect labor Office salaries expense Rent expense-Office Space Rent expense-Selling space Rent expense-Factory building ales salaries expense $ 50,000 29,000 30,000 72,000 320,000 42,600 32,400 488,000 75,000 44,000 26,000 62.000 149,000 358,000 Using the following additional information for Leone Company, complete the requirements below. Raw materials inventory beginning Raw materials inventory, ending Work in process invertory, beginning Sales $164.000 169,00 49,000 2,717, eee Using the following additional information for Leone Company, complete the requirements below. Raw materials inventory, beginning $ 164,000 Raw materials inventory, ending 169,000 Work in process inventory, beginning 49,000 Sales 2,717,000 Work in process inventory, ending 53, eee Finished goods inventory, beginning 69,000 Finished goods inventory, ending 77,000 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 Code Manufactured LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31 Direct materials Raw materials available for use 0 $ 0 Direct materials used Factory overhead Factory overhead 0 Total factory overhead Total manufacturing costs 0 0 Total cost of work in process $ Cost of goods manufactured Required 2 > Prepare the current year income statement. LEONE COMPANY Income Statement For Year Ended December 31 Cost of goods sold 0 Goods available for sale 0 Cost of goods sold 0