Prepare the companys 2017 income statement that reports separate categories for a) selling expenses b) general and administrative expenses
Check my work 0 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 tri balance and other records of Leone Company. al $ 28,750 Direct labor Advertising expense Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used Pactory utilities Inventories 7.250 Income taxes expense 8,600 Indirect labor 33,550 Miscellaneous production costs 102,600 Office salaries expense 7.350 Raw materials purchases 33,000 Rent expense-Office space Rent expense-Selling space 166,850 Rent expense-Factory building 182,000 Maintenance expense-Factory equipment Raw materials, December 31, 2016 Raw materials, December 31, 2017 Work in process, December 31, 2016 Work in process, December 31, 2017 Pinished goods, December 31. 2016 Finiahed goods, December 31, 2017 15,700 Sales 19,380 Sales salaries expense 167,350 136,490 nd (b) 2. Prepare the company's 2017 income statement that reports separate categories for (e) selling expenses a general and administrative expenses. Check my work 0 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 tri balance and other records of Leone Company. al $ 28,750 Direct labor Advertising expense Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used Pactory utilities Inventories 7.250 Income taxes expense 8,600 Indirect labor 33,550 Miscellaneous production costs 102,600 Office salaries expense 7.350 Raw materials purchases 33,000 Rent expense-Office space Rent expense-Selling space 166,850 Rent expense-Factory building 182,000 Maintenance expense-Factory equipment Raw materials, December 31, 2016 Raw materials, December 31, 2017 Work in process, December 31, 2016 Work in process, December 31, 2017 Pinished goods, December 31. 2016 Finiahed goods, December 31, 2017 15,700 Sales 19,380 Sales salaries expense 167,350 136,490 nd (b) 2. Prepare the company's 2017 income statement that reports separate categories for (e) selling expenses a general and administrative expenses