Chapter 18) Seved Help Save En Sum ! Required information [The following information applies to the questions displayed below) 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 Raterials, December 31, 2019 Work in process, December 31, 2018 Work in process, December 21, 2019 Finished goods, December 31, 2018 Finished goods, December 31, 2019 $ 27,000 Direct labor 8,00 Income taxes expense 29,600 Indirect labor 31,200 Miscellaneous production costs 130.900 office salaries expense 9,700 Raw material purchases 32,600 Rent expense office space Rent expense-selling space 162,600 Rent expense-Factory building 190,000 Maintenance expense-Factory equipment 18,600 Sales 21,100 Sales salaries expense 160,000 137,400 608.200 259,400 99 100 10,500 66,000 977,000 25,000 28,500 12,700 39.400 4,555.900 293.400 2. Prepare the company's 2019 Income statement that reports separate categories for (a) selling expenses and (b) general and odministrative expenses Chapter 18) Seved Help Save En Sum ! Required information [The following information applies to the questions displayed below) 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 Raterials, December 31, 2019 Work in process, December 31, 2018 Work in process, December 21, 2019 Finished goods, December 31, 2018 Finished goods, December 31, 2019 $ 27,000 Direct labor 8,00 Income taxes expense 29,600 Indirect labor 31,200 Miscellaneous production costs 130.900 office salaries expense 9,700 Raw material purchases 32,600 Rent expense office space Rent expense-selling space 162,600 Rent expense-Factory building 190,000 Maintenance expense-Factory equipment 18,600 Sales 21,100 Sales salaries expense 160,000 137,400 608.200 259,400 99 100 10,500 66,000 977,000 25,000 28,500 12,700 39.400 4,555.900 293.400 2. Prepare the company's 2019 Income statement that reports separate categories for (a) selling expenses and (b) general and odministrative expenses