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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
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 stilities Inventories S32,100 Direct labor Income taxes expense 261,800 10,000 Indirect Jabor 1,00 REscellaneous product ion costs 117,780 Office salarles expense 66,800 991,809 29, 00 9,680 Raw materlals purchases 3,00 Rent expense-Office space Rent expense-Seiling spece Raw materials, Decenber 33,2016 Raw materials, December 31, 2817 Mork in process, Decenber 31,2816 Work in process December 31, 2817 Finished spods,Decenber 31,2016 Finished goods, December 31, 20 7,500 8, 300 ,455,680 93,300 59,900 Reet expense-Factory building 94,000 Haintenance expense-Factory equioment 3,800Seles saleries expense 143,600 166,686 2. Prepare the compeny's 2017 income statemeet thet repons separate categories for (a) seling expenses and (by enersl and eoministrative expenses Prex 6 7 8 5 KL
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