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Saved Help Save Required information {The following information applies to the questions displayed below) The following calendar year-end information is taken from the December 31,

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Saved Help Save 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 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 $ 27,800 Direct labor 9,200 Income taxes expense 10,700 Indirect labor 38,806 Miscellaneous production costs 127,400 office salaries expense 8.700 Raw materials purchases 38,000 Rent expense-office space Rent expense-Selling space 166,300 Rent expense-Factory building 183,000 Maintenance expense-Factory equipment 18, 200 Sales 24,400 Sales salaries expense 163,000 135,600 $ 695,800 243, 400 57,400 9,600 69,000 971, 000 25,000 29, 200 82,200 38,700 4,525, 900 392,200 espare the company's 2017 income statement that reports separate categories for (a) selling expenses and (b) general and nistrative expenses. LEONE COMPANY Income Statement For Year Ended December 31, 2017 5 Required information LEONE COMPANY Income Statement For Year Ended December 31, 2017 Cost of goods sold Goods available for sale Cost of goods sold 0 0 Operating expenses Selling expenses Total selling expenses General and administrative expenses 0 Saved Required information Selling expenses Total selling expenses eral and administrative expenses 0 0 Total general and administrative expenses Total operating expenses Income before taxes 0 0 Net income 0

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