prepare the company's 2019 income statement that reports separate categories for a selling expense and...

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prepare the company's 2019 income statement that reports separate categories for a selling expense and a general and administrative expenses.

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equired information he following information applies to the questions displayed below.) he following Calendar year end information is taken from the December 31 2019, adjusted trial balance and other records fLeone Company 240, Advertising expense Depreciation expense-office equipment Depreciation expense-selling equipment Depreciation expense-Factory equipment Factory Supervision Factory alles wed Factory utilities 63. $ 28,200 Direct labar 11.3 The taxes expense 9.700 Indirect labor 39,20 Piscellaneous production costs 110,50 office solares expose 9, waterals purchases Bent pense-Office space est unse-selling space Bent expense Factory building 13,000 int e expense-Factory equipent 19. Sales 23.100 Sales salaries expense 164.100 142.70 . 27.100 38.600 materials, December 11, 2018 Raaterials, December 31, 2019 work in proces, December 11, 2016 work in process, December 11, 2019 o ds Deceber 31, 2018 Finished gods. December 31, 2019 T general and are the company's 2019 income statement that reports separate categories for a selling expenses and strive expen 9 The following information applies to the questions displayed below The following calendar year end information is taken from the December 31, 2019 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 Finished goods, December 31, 2018 Finished goods, December 31, 2019 $28.289 Direct labor 11,389 Income taxes exp 9,700 Indirect labor 39,209 Miscellaneous pe 110,589 Office salaries 9,980 Raw materials pu 35,080 Rent expense-Off Rent expense-Sel 164,600 Rent expense Fac 182,00 Maintenance expe 19,700 Sales 23,300 Sales salaries 164,100 142,700 2. Prepare the company's 2019 income statement that reports separate categories for a administrative expenses LEONE COMPANY Income Statement n the December 31, 2019, adjusted trial balance and other records 28,200 11,300 9,700 39,200 110,500 9,900 35,000 Direct labor Income taxes expense Indirect labor Miscellaneous production costs Office salaries expense Raw materials purchases Rent expense-Office space Rent expense-Selling space Rent expense-Factory building Maintenance expense-Factory equipment Sales Sales salaries expense $ 692, 180 248,800 57,700 9,400 63, eee 925, abe 21,000 27,100 81,500 36,600 4,615,400 397,12 164,600 182,000 19,708 23,300 164,100 142,700 narate categories for (a) selling expenses and (b) generatan Required information LEONE COMPANY Income Statement For Year Ended December 31, 2019 Sales Cost of goods sold Cost of goods manufactured Finished goods inventory December 31, 2018 Goods available for sale Less: Finished goods inventory, December 31, 2019 Cost of goods sold Gross profit from sales Operating expenses Selling expenses Depreciation expense-Selling equipment Rent expense-Seling space Sales salaries expense and Windows 2 Required information Advertising expense Total selling expenses General and administrative expenses Depreciation expense-Selling equipment Office salaries expense Rent expense-Office space I Total general and administrative expenses Total operating expenses Income before taxes Income taxes expense Net income

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