The following calendar year-end information is taken from the December 31, 2017, adjusted trial balance and other records of Leone Company $ 690,1 Advertising expense Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used Factory utilities Inventories $27,800 Direct labor 8,400 Income taxes expense 10,200 Indirect labon 38,500 Miscellaneous production costs 249,600 57,204 11,000 145,400 Office salaries expense 69 9,500 Raw materials purchases 33,000 Rent expense-Office space 945,008 21 Rent expense-Selling space 27,400 77,30 38,000 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 153,500 Rent expense-Factory building 185,000 Maintenance expense-Factory equipment 4,605,9 17,700 Sales 18,200 Sales salaries expense 395,400 161,400 137,900 2. Prepare the company's 2017 Income statement that reports separate categories for (a) selling expenses and (b) general and administrative expenses. LEONE COMPANY Income Statement For Year Ended December 31, 2017 Cost of goods sold Goods available for sale Cost of goods sold Operating expenses Selling expenses Total selling expenses General and administrative expenses Total general and administrative expenses Total operating expenses Income before taxes Net income