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uTube Maps Champlain Canvas Week 1 Saved Help The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other
uTube Maps Champlain Canvas Week 1 Saved Help The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other records of Leone Company. Advertising expense Depreciation expense-office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used Factory utilities Inventories Raw materials, December 31, 2018 Raw materials, December 31, 2019 Work in process, December 31, 2018 Work in process, December 31, 2019 Pinished goods, December 31, 2018 Finished goods, December 31, 2019 $ 34, 100 Direct labor 9.300 Income taxes expense 9.600 Indirect labor 32,200 Miscellaneous production costs 122,100 Office salaries expense 9,100 Raw materials purchases 38,000 Rent expense-office space Rent expense-Selling space 163,200 Rent expense Factory building 183,000 Maintenance expense-Factory equipment 16,100 Sales 24,100 Sales salaries expense 163,000 144.000 $ 679,000 252,000 59,700 10.100 62,000 986,000 26,000 25, 700 79.500 37,800 4,605,700 395,800 2. Prepare the company's 2019 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, 2019 Cost of goods sold
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