[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 Rawsaterials, December 31, 2018 www 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 $ 31,300 Direct labor 11,300 Income taxes expense 10,500 Indirect labor 35,200 Miscellaneous production costs 147,800 Office salaries expense 10,000 Raw materials purchases 44,000 Rent expense-Office Space Rent expense-Selling space 166,400 Rent expense-Factory building 177,000 Maintenance expenses Factory equipment 15,202 Sales 23,400 Sales Sal expense 163.000 149,800 $ 672,700 244,500 59,400 11,600 69,000 70,000 28,000 26,200 81,700 30,00 4,445,60 398, 200 Required information 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 Goods available for sale 0 Cost of goods sold 0 0 Operating expenses Selling expenses Total selling expenses General and administrative expenses Total general and administrative expenses Total operating expenses Income before taxes 0 0 0 Net income