Question

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 < Prey 2 of 21 Next > ове в 9

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

please help

Answer 1

$ 46,15,400 19,75,900 1,64,100 -1,42,700 $ $ 9,07,600 6,92,100 $ $ 19,97,300 26,18,100 Statement of Goods Manufactured Direct Materials Used: Opening of Raw Materials $ 1,64,600 Add: Raw materials Used $ 9,25,000 Raw materials avaliable $ 10,89,600 Less: Closing of Raw materials $ -1,82,000 Direct Materials Used - A Direct Labour - B Manufacturing Overhead: Indirect Labour $ 57,700 Rent Expenses- Factory Building 81,500 Mainteanance Expenses- Factory Equipment 36,600 Misc.Production Costs $ 9,400 Depreciation Expenses-Factory Equipment 39,200 Factory Supervision | $ 1,10,500 Factory Supplies used $ 9.900 Factory Utilities $ 35,000 Total Manufacturing Overhead - C Total Manufacturing Cost (A+B+C) Add: Opening Work in progress Less: Closing of Work in progress Cost of Manufactured Goods Income Statement Sales Cost of Goods Sold Cost of Goods Manufactured $ Add: Opening of Finished Goods $ Less:Closing of Finished Goods $ Cost of Goods Sold Gross profit from Sales A Operating Expenses: Selling Expenses Depreciation Expenses - Selling Equipment | $ Rent Expenses - Selling Space $ Sales Salaries Expenses $ Advertising Expenses Total Selling Expenses General and administrative Expenses Depreciation Expenses - Office Equipment | $ Office Salaries Expenses $ Rent Expenses - Office Space $ Total general and adminstrative Expenses Total Operating Expenses B Income before taxes Income tax Expenses Net Income 9,700 27,100 3,97,100 28,200 $ 20 $ 4,62,100 11,300 63,000 21,000 $ $ $ $ $ 3,79,800 19,79,500 19,700 -23,300 19,75,900 $ $ $ $ $ 95,300 5,57,400 20,60,700 2,40,800 18,19,900