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Saved -16 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 $ 28,750 Direct labor 7,250 Income taxes expense 8,600 Indirect labor 33,550 Miscellaneous production costs 102,600 Office salaries expense 7,350 Raw materials purchases 33,eee Rent expense-Office space Rent expense-Selling space 166,858 Rent expense-Factory building 182,000 Maintenance expense-Factory equipment 15,700 Sales 19,389 Sales salaries expense 167,35e 136,490 $ 675,488 233,725 56,875 8,425 63,eee 925, eee 22, eee 26,1ee 76,800 35,400 4,462,500 392,560 4/14 ch Required: 1. Prepare the company's 2017 schedule of cost of goods manufactured, LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31, 2017 Direct materials Raw materials available for use 0 Direct materials used $ 0 Factory overhead OF Help Required information Factory overhead 0 Total factory overhead costs Total manufacturing costs 0 0 Total cost of work in process $ 0 Cost of goods manufactured Sove & Exit Submit 2. Prepare the company's 2017 income statement that reports separate categories for (a) selling expenses and (b) general and administrative expenses. LEONE COMPANY Income Statement For Year Ended December 31, 2017 Cost of goods sold Goods available for sale 0 Cost of goods sold 0 0 Operating expenses Selling expenses - OF OF Saved Help Save & Exi Required information 0 Total selling expenses General and administrative expenses 0 0 Total general and administrative expenses Total operating expenses Income before taxes 0 $ 0 Net income