Prepare the companys 2017 schedule of cost of goods manufactured.

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. $ 32,500 Direct labor Advertising expense Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used Factory utilities Inventories $697,300 282,800 59,900 9,180 62,000 928,006 22,000 25,500 77,900 36, 500 4,575,600 398,900 8,000 Income taxes expense 10,500 Indirect labor 34,600 Miscellaneous production cost:s 184,500 Office salaries expense 8,200 Raw materials purchases 34,800 Rent expense-Office space Rent expense-Selling space 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 162,300 Rent expense-Factory building 192,00 Maintenance expense-Factory equipment 17,100 Sales 21,000 Sales salaries expense 163,900 135,200 2. Prepare the company's 2017 Income statement that reports separate categories for (a) selling expenses and (b) general and administrative expenses. Income Statement For Year Ended December 31, 2017 Cost of goods sold Goods available tor sale Cost of goods sold Operating expenses Selling expenses Total selling expenses General and administrative expenses Total general and administrative expenses tal operating expenses Income before taxes Net income