The following calendar year-end information is taken from the December 31, 2017, adjusted trial balance and other records of Leone Company.

Advertising expense	$31,000	Direct labor	$684,800
Depreciation expenseOffice equipment	10,900	Income taxes expense	239,200
Depreciation expenseSelling equipment	10,000	Indirect labor	55,600
Depreciation expenseFactory equipment	33,600	Miscellaneous production costs	9,700
Factory supervision	140,300	Office salaries expense	74,000
Factory supplies used	7,600	Raw materials purchases	997,000
Factory utilities	41,000	Rent expenseOffice space	25,000
Inventories		Rent expenseSelling space	25,700
Raw materials, December 31, 2016	167,900	Rent expenseFactory building	76,800
Raw materials, December 31, 2017	176,000	Maintenance expenseFactory equipment	36,000
Work in process, December 31, 2016	19,500	Sales	4,565,400
Work in process, December 31, 2017	19,600	Sales salaries expense	395,000
Finished goods, December 31, 2016	168,900
Finished goods, December 31, 2017	139,500

LEONE COMPANY
Income Statement
For Year Ended December 31, 2017
Cost of goods sold
Goods available for sale	0
Cost of goods sold		0
		0
Operating expenses
Selling expenses
Total selling expenses		0
General and administrative expenses
Total general and administrative expenses		0
Total operating expenses		0
Income before taxes		0
Net income		$0