preparing the company's 2017 income statement

Required Information [The following information applies to the questions displayed below] of Leone Company. The following calendar year-end Information is taken from the December 31, 2017. adjusted trial balance and other records Advertising expense Depreciation expense Office equipment $ 32, 190 Direct labor Depreciation expense-Selling equipment 9.480 9.900 Income taxes expense Depreciation expense-Factory equipment Indirect labor 35,000 Factory supervision 134, 409 Miscellaneous production costs Factory supplies used Office salaries expense 73. Factory utilities 9.500 Raw materials purchases 45.020 21,80 Inventories Rent expense Office space Raw materials, December 31, 2016 Rent expense-Selling space 166,080 Rent expense Factory building 82, 420 Raw materials, December 31, 2017 188,009 39.700 Work in process, December 31, 2016 Maintenance expense Factory equipment Work in process, December 31, 2017 17, 100 Sales 4.575. 50el Finished goods, December 31, 2016 18, 300 Sales salaries expense 390, 280 Finished goods, December 31, 2017 167, 309 143, see 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 Stater For Year Ended December 31, 2017 Cost of goods sold Goods available for sale Cost of goods sold Operating expenses Selling expenses Total selling expenses General and ad histrative expenses Tota general and administrative expenses Tota operating expenses Income before taxes Net income