Advertising expense$26,600Direct labor$694,500Depreciation expenseOffice equipment8,400Income taxes expense244,800Depreciation expenseSelling equipment10,400Indirect labor59,800Depreciation expenseFactory equipment36,100Miscellaneous production costs10,600Factory supervision101,000Office salaries expense66,000Factory supplies used7,800Raw materials purchases993,000Factory utilities42,000Rent expenseOffice space21,000InventoriesRent expenseSelling space25,400Raw materials, December 31, 2016159,000Rent expenseFactory building76,800Raw materials, December 31, 2017194,000Maintenance expenseFactory equipment37,700Work in process, December 31, 201616,000Sales4,545,600Work in process, December 31, 201721,400Sales salaries expense395,000Finished goods, December 31, 2016163,900Finished goods, December 31, 2017143,100

Prepare the company's 2017 income statement that reports separate categories for (a) selling expenses and (b) general and administrative expenses.