Required Information Problem 18-3A Schedule of cost of goods manufactured and income statement: inventory P2, A1 The following information appiles to the questions displayed below) The following calendar year-end information is taken from the December 31, 2017, adjusted trial balance and t other records of Leone Company. 29 000 Direet Labor 13400 Incone tAS 295,000 10,900 62,000 952,000 22,000 3,300 iace11aseous Tactory sopervision 8,600 Raw naterials purchases 4,000 Rent expense-office space Tactory-uitities Raw materlale Decenber 31 2016 Raw naterials, Decenber 31, 2017 163,600 ent expenee-Pactory buildisg 4.626, 00 inished gooda Tiniahed goods, Decenber 31. 201 42,80 Problem 18-3A Part 2 income statement that reports separate categories for (a) selling expenses and (bl general and that reports 2. Prepare the company's 2017 cPrey Next 20 p 1 7 8 3 Required informatiorn 2. Prepare the company's 2017 Income statement that reports separate categories for (a) selling expenses and (o) general and administrative expenses. Income Statement For Year Ended 31. Cost of goods sold Goods available for sale Cost of goods sold Operating expenses Selling expenses Prev4 of 9Next > 20 3 4 8 Required information 2 Operating epenses Seling expenses Total selling expenses General and administrative expenses Total general and administrative expenses Total operating expenses Income before taxes Net income