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The following year-end information is taken from the December 31 adjusted trial balance and other records of Leone Company Advertising expense $ 58,000 Depreciation expense-office

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The following year-end information is taken from the December 31 adjusted trial balance and other records of Leone Company Advertising expense $ 58,000 Depreciation expense-office equipment 37,000 Depreciation expense-Selling equipment 38,000 Depreciation expense-Factory equipment 80,000 Raw materials purchases (all direct materials) 900,000 Maintenance expense-Factory equipment 45,000 Factory utilities 39,000 Direct labor 520,000 Indirect labor 78,000 Office salaries expense 47,00 Rent expense-Office space 28,000 Rent expense-Selling space 67,000 Rent expense-Factory building 161,000 Sales salaries expense 386,000 5 Using the following additional information for Leone Company, complete the requirements below. Raw materials inventory, beginning $ 180,000 Raw materials inventory, ending 185,000 Work in process inventory, beginning 54,000 Sales 2,960,000 Work in process inventory, ending 58,000 Finished goods inventory, beginning 76,000 Finished goods inventory, ending 84,000 Required: 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year income statement

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