* I don't know whether what I have is correct or not. Please help me complete both of the charts.*

The following year-end information is taken from the December 31 adjusted trial balance and other records of Leone Company. Advertising expense $ 54,000 Depreciation expense-Office equipment Depreciation expense-Selling equipment 33,000 34,000 Depreciation expense-Factory equipment 76,000 860,000 Raw materials purchases (all direct materials) Maintenance expense-Factory equipment 43,800 Factory utilities 38,200 Direct labor 504,000 Indirect labor 76,000 46,000 Office salaries expense Rent expense-Office space 28,000 67,000 Rent expense-Selling space Rent expense-Factory building Sales salaries expense 161,000 386,000 Problem 14-3A (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. $ 172,000 Raw materials inventory, beginning Raw materials inventory, ending 177,000 52,000 Work in process inventory, beginning Sales 2,868,000 56,000 Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending 73,000 81,000 LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31 $ Direct materials Raw materials inventory, beginning Raw materials purchases Raw materials available for use Less: Raw materials inventory, ending Direct materials used Direct labor Factory overhead Indirect labor Factory utilities Maintenance expense-Factory equipment Depreciation expense-Factory equipment Rent expense-Factory building Total factory overhead Total manufacturing costs Add: Work in process inventory, beginning Total cost of work in process Less: Work in process inventory, ending Cost of goods manufactured 172,000 860,000 1,032,000 177,000 76,000 38,200 43,800 76,000 161,000 $ 855,000 504,000 395,000 1,754,000 52,000 1,806,000 56,000 $ 1,750,000 Prepare the current year income statement. Sales Cost of goods sold Cost of goods manufactured Finished goods inventory, beginning Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Gross profit General and administrative expenses Organization expenses Net income LEONE COMPANY Income Statement For Year Ended December 31 $ 1,750,000 73,000 1,823,000 81,000 $ 2,868,000 1,742,000 1,126,000 1,126,000 $