Required information [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 $28,600 Direct labor $680,300 255,900 59,400 10,000 68,000 992,000 10,400 Income taxes expense 9,600 Indirect labor 36,800 Miscellaneous production costs 125,900 Office salaries expense 9,100 Raw materials purchases 39,000 Rent expense-Office space 26,000 | 27,100 76,900 37,400 4,536,40o 393,000 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 166,300 Rent expense-Factory building 183,000 Maintenance expense-Factory equipment 15,300 Sales 19,500 Sales salaries expense 162,300 143,000 2. Prepare the company's 2017 income statement that reports separate categories for (a) selling expenses and (b) general and administrative expenses LEONE COMPANY Required information [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 $28,600 Direct labor $680,300 255,900 59,400 10,000 68,000 992,000 26,000 | 27,100 76,900| 37,400 4,536,400 393,000 10,400 Income taxes expense 9,600 Indirect labor 36,800 Miscellaneous production costs 125,900 Office salaries expense 9,100 Raw materials purchases 39,000 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 166,300 Rent expense-Factory building 183,000 Maintenance expense-Factory equipment 15,300 Sales 19,500 Sales salaries expense 162,300 143,000 Required 1. Prepare the company's 2017 schedule of cost of goods manufactured LEONE COMPANY Schedule of Cost of Goods Manufactured