conni c connect ework Required Information The following information applies to the questions displayed below. The following calendar yearend information is taken from the December 31, 2017, adjusted trial balance and other records of Leone Company. dvertising expense Depreciation expense-office equipnent Depreciation expense-Selling equipnent Depreciation expense-FactOry equipment Factory supervision Factory supplies used Factory utilities Inventories 67s, 4801 233, 725 56, 875 8,425 28,750 Direct labor 7,250 Income taxes expense 56,975 8, 600 Indirect labor 33,550 Miacellaneous production costs 102, 600 office salaries expense 63,000 1 925,000 22, 000 26, 100 76,800 35, 400 7,350 Raw materials purchases 33,000 Rent expense-office space Rent expense-Selling space is, Decenber 31, 2016 166,850 Rent expense-Factory building Raw naterial Raw naterials, Decenber 31, 2017 182,00 itenance expense-Factory Maintenance expense-Factory equipment 182,000 Rork in process, December 31, 2016 15,700 Sales Work in proces Finisbed goods, December 31, 2016 167,350 Finished goods, December 31, 2017 136, 490 s, December 31, 2017 19,380 Sales salaries expense 4,462, 500| 392, 560 2. Prepare the company's 2017 income statement that reports separate categories for (a) selling expenses and (o) general and administrative expenses LEONE COMPANY Income Statement C Prev of5 to search