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A) The following calendar year-end information is taken from the December 31, 2015, adjusted trial balance and other records of Leone Company Advertising expense $

A) The following calendar year-end information is taken from the December 31, 2015, adjusted trial balance and other records of Leone Company

Advertising expense

$

28,750

Direct labor

$

675,480

Depreciation expenseOffice equipment

7,250

Income taxes expense

233,725

Depreciation expenseSelling equipment

8,600

Indirect labor

56,875

Depreciation expenseFactory equipment

33,550

Miscellaneous production costs

8,425

Factory supervision

102,600

Office salaries expense

63,000

Factory supplies used

7,350

Raw materials purchases

925,000

Factory utilities

33,000

Rent expenseOffice space

22,000

Inventories

Rent expenseSelling space

26,100

Raw materials, December 31, 2014

166,850

Rent expenseFactory building

76,800

Raw materials, December 31, 2015

182,000

Maintenance expenseFactory equipment

35,400

Work in process, December 31, 2014

15,700

Sales

4,462,500

Work in process, December 31, 2015

19,380

Sales salaries expense

392,560

Finished goods, December 31, 2014

167,350

Finished goods, December 31, 2015

136,490

B) Prepare the companys 2015 income statement that reports separate categories for (a) selling expenses and (b) general administrative expenses.

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