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Required information The following information applies to the questions displayed below) The following calendar year-end information is taken from the December 31, 2017, 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 Raw materials, December 31, 2016 Raw materials, December 31, 2017 Work in process, December 31, 2016 Work in process, December 31, 2017 Finished goods, December 31, 2016 Finished goods, December 31, 2017 $ 26,100 Direct labor 11,000 Income taxes expense 10.300 Indirect labor 35,300 Miscellaneous production costs 119.900 office salaries expense 9,700 Raw materials purchases Rent expense-office space Rent expense-selling space 164,200 Rent expense-Factory building 175,000 Maintenance expense-Factory equipment 19,100 Sales 24,000 Sales salaries expense 168.700 142.600 $ 685,600 288.700 59,120 10,500 61,eee 928,000 27.000 27,700 52,200 38,700 4,615,700 394,300 2. Prepare the company's 2017 income statement that reports separate categories for (a) selling expenses and administrative expenses general and 2 LEONE COMPANY Income Statement For Year Ended December 31, 2017 Cost of goods sold Goods available for sale Cost of goods sold Operating expenses Selling expenses Total selling expenses General and administrative expenses Total general and administrative expenses STU Operating expenses Selling expenses eBook References Total selling expenses General and administrative expenses Total general and administrative expenses Total operating expenses Income before taxes Net income $ 0