Required information Problem 18-3A 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 $697,000 244,600 55,400 11,300 62,000 949,000 23,000 27,800 81,000 38,000 4,585,700 393,400 $34,500 Direct labor 10,400 Income taxes expense 10,900 Indirect labor 36,300 Miscellaneous production costs 138,300 Office salaries expense 7,700 Raw materials purchases 45,000 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 167,900 Rent expense-Factory building 180,000 Maintenance expense-Factory equipment 17,700 Sales 24,800 Sales salaries expense 167,700 143,800