0 Required information Use the following information for the Problems below. (Algo) [T he 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 $ 63,000 Depreciation expenseOffice equipment 42,000 Depreciation expenseSelling equipment 43,000 Depreciation expenseFactory equipment 85,000 Raw materials purchases (all direct materials) 950,000 Maintenance expenseFactory equipment 46,500 Factory utilities 40,000 Direct labor 540,000 Indirect labor 81,000 Office salaries expense 49,000 Rent expenseOffice space 29,000 Rent expenseSelling space 70,000 Rent expenseFactory building 168,000 Sales salaries expense 403,000 Problem 18-2A (Algo) Classifying costs LO C2 Required: Required: Identify each cost as either a product cost or a period cost. Ifa product cost, classify it as direct materials, direct labor, or factory overhead. If a period cost. classify it as a selling expense or a general and administrative expense. (Leave no cell blank. Enter "NA - Not a product cost" or "NA - Not a period cost" for expenses that are not product cost or period cost.) 1. Advertising expense . Depreciation expenseOfce equipment . Depreciation expenseSelling equipment . Depreciation expenseFactory equipment . Maintenance expenseFactory equipment . Factory utilities . Direct labor 2 3 4 5. Raw materials purchases (all direct materials) 6 7 8 9 . Indirect labor 10. Ofce salaries expense 11. Rent expensWw space 12. Rent expenseSelling space 13. Rent expenseFactory building 14. Sales salaries expense DO ( Prev 3 4 of 12 iii Next > Problem 18-3A (Algo) Schedule of cost of goods manufactured and income statement LO P1, P2 Using the following additional information for Leone Company, complete the requirements below. Raw materials inventory, beginning $ 190,000 Raw materials inventory, ending 195,000 Work in process inventory, beginning 57,000 Sales 3,111,000 Work in process inventory, ending 61,000 Finished goods inventory, beginning 80,000 Finished goods inventory, ending 88,000 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 information Prepare the schedule of cost of goods manufactured for the current year. Direct materials _ Raw materials available for use _ Direct materials used _ Factory overhead _ DO Prepare the current year income statement. Cost of goods sold Goods available for sale Cost of goods sold ( Required 1