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Please organize the chart as seen and explain all calculations, other wise I will mark as incorrect. Thank You! The following information applies to the

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Please organize the chart as seen and explain all calculations, other wise I will mark as incorrect. Thank You!

The following information applies to the questions displayed below.) The following calendar year-end information is taken from the December 31, 2015, adjusted trial balance and other records of Leone Company. $ 31,200 10,800 10,200 35,900 103,500 7,900 33,000 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, 2014 Raw materials, December 31, 2015 Work in process, December 31, 2014 Work in process, December 31, 2015 Finished goods, December 31, 2014 Finished goods, December 31, 2015 Direct labor Income taxes expense Indirect labor Miscellaneous production costs Office salaries expense Raw materials purchases Rent expense-Office space Rent expense-Selling space Rent expense-Factory building Maintenance expense-Factory equipment Sales Sales salaries expense $ 687,900 298,100 55,300 9,900 62.000 979,000 25,000 25,800 78,000 39,700 4,495,000 395,500 157,800 178,000 17,800 22,300 169,700 135,800 2. Prepare the company's 2015 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, 2015 Sales Cost of goods sold pods inventory, December 31, 2014 $ Cost of goods manufactured $ 4,495,000 169.700 Goods available for sale 169,700 Cost of goods sold 169.700 4,325,300 Operating expenses Selling expenses Total selling expenses General and administrative expenses Total general and administrative expenses Total operating expenses Income before taxes 325.300 Net income $ 4,325,300

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