The following calendar year-end information is taken from the December 31, 2017, adjusted trial balance and other records of Leone Company. $ 32,700 Direct labor 7,600 Income taxes expense 11,000 Indirect labor 36,200 Miscellaneous production costs 117,700 Office salaries expense 9,000 Raw materials purchases 36,000 Rent expense-Office space $ 683,000 258, 300 59,400 11,100 71,000|| Advertising expense Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used Factory utilities Inventories 933,000 26,000| 26,600 Rent expense-Selling space Rent expense-Factory building 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, 81,100 36,900 4,516,300 390,100 163,900 192,000 Maintenance expense-Factory equipment 15,000 Sales 21,900 Sales salaries expense 162,100 139,300 2017 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