Required information Problem 14-3A Schedule of cost of goods manufactured and income statement; inventory analysis LO P2, A1 [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, Advertising expense Depreciation expense-office equipment Depreciation expense-Selling equipment 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 $ 33,600 Direct labor 8,300 Income taxes expense 9,800 Indirect labor 33,200 Miscellaneous production costs 104,800 office salaries expense 9,400 Raw materials purchases 36,000 Rent expense-office space Rent expense-Selling space 163,500 Rent expense-Factory building 182,000 Maintenance expense-Factory equipment 15,600 Sales 18,500 Sales salaries expense 167,800 136,700 $ 683,600 261,600 56,600 11,500 69,000 938,000 29, eee 27,900 83,000 38,500 4,625,400 395,000 Required information LEONE COMPANY Income Statement For Year Ended December 31, 2017 Cost of goods sold Goods available for sale Cost of goods sold Operating expenses Selling expenses Operating expenses Selling expenses Total selling expenses General and administrative expenses Total general and administrative expenses Total operating expenses Income before taxes Net income