Preparing the 2017 income statement.

Advertising expense Depreciation expense Office equipment $ 32,109 Depreciation expense Selling equipment 9.480 Direct labor Income taxes expense 693, 480 Indirect labor 293, Gee Depreciation expense Factory equipment 19.909 Factory supervision 35 090 Miscellaneous production costs 55, 280 Factory supplies used Office salaries expense Factory utilities 45 209 Raw materials purchases 73,020 Rent expense office space 942, 600 Inventories Raw materials, December 31. 2016 Rent expense-Selling space 21. 080 30.600 Raw materials, December 31, 2017 188.DOG Rent expense Factory building Maintenance expense Factory equipment 82, 4ed Work in process, December 31, 2016 17.109 Sales 39.700 Work in process, December 31, 2017 167.300 Sales salaries expense 4,575, 500 Finished goods, December 31, 2016 18 390 390, 209 Finished goods, December 31, 2817 143 569 Prepare the company's 2017 Income statement that reports separate categories for (a) selling expenses and (b) general and administrative expenses. * Answer is not complete. LEONE COMPANY Income Statement For Year Ended December 31, 2017 Sales $ 4.598,100 & Cost of goods sold Cost of goods manufactured $ 2,031,700 Finished goods inventory. December 31, 2016 163,800 Finished goods inventory, December 31, 2017 Goods available for sale 2.195,500 Less Finished goods inventory. December 31. 2017 142, 100 60 Cost of goods sold 2,053,400 2.542,700 Operating expenses Seling expenses Sales salaries expense Depreciation expense-Selling equipment 10.300 63 Rent expense-iSelling space 29,400 6 Sales salaries expense 303,400 6 Advertising expense 29.900 6 Total selling expenses 463,000 General and adminevative expenses sales salaries expense Rent expense Office Space 25.000 Office salaries expense 60,000 8 Depreciation expense- Office equipment 11.600 @ Total general and spoon swedve expenses 96.600 Total operating expenses 569.600 kercome before taxes 1,983, 100 knogas taxes expense 262 800 6 tiet income $ 1.720.300