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?quired information The following information applies to the questions displayed below.) he following calendar year-end information is taken from the December 31, 2017, adjusted trial

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?quired information The following information applies to the questions displayed below.) he following calendar year-end information is taken from the December 31, 2017, adjusted trial balance nd other records of Leone Company Advertising expense Depreciation expense-Office equipment Depreciation expense-Selling equipnent Depreciation expense-Factory equipment Factory supervision Factory supplies used Factory utilities Inventories 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 $ 25, 300 Direct labor 8,300 Income taxes expense 11,600 Indirect labor 30,000 Miscellaneous production costs 137, 300 Office salaries expense 9,700 Raw materials purchases 34,000 Rent expense-Office space Rent expense-selling space 162,800 Rent expense-Factory building 177,000 Maintenance expense-Factory equipment 18,700 Sales 19,780 Sales salaries expense 165, 188 139,700 $ 675,300 294,100 58,400 10,400 72,000 987,000 24,000 27,600 80,800 36,000 4,485, 3ee 395,900 Required: 1. Prepare the company's 2017 schedule of cost of goods manufactured LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31, 2017 Direct materials Raw materials available for use 0 Direct materials used 0 Factory overhead - Required information Factory overhead Total factory overhead costs Total manufacturing costs 0 0 Total cost of work in process 0 Cost of goods manufactured 0 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 Statement For Year Ended December 31, 2017 Cost of goods sold Goods available for sale 0 0 Coat of goods sold 0 Operating expenses Selling expenses Required information Selling expenses 0 Total selling expenses General and administrative expenses 0 Total general and administrative expenses Total operating expenses Income before taxes 0 0 0 Total selling expenses General and administrative expenses X 0 Total general and administrative expenses Total operating expenses Income before taxes 0 0 Net income 0

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