[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 $ 30,300 11,200 9,800 38,900 140,700 9,600 42,000 Direct labor Income taxes expense Indirect labor Miscellaneous production costs office salaries expense Raw materials purchases Rent expense-office space Rent expense-selling space Rent expense-Factory building Maintenance expense-Factory equipment Sales Sales salaries expense $ 694,500 284, 200 58,400 11,600 66,000 955,000 27,000 27,000 78,800 39,180 4,615,500 395,800 157,700 193,000 16,000 23, 200 161,300 137,400 Required: LEONE COMPANY Income Statement For Year Ended December 31, 2017 Cost of goods sold Goods available for sale 0 Cost of goods sold Operating expenses Selling expenses Total selling expenses General and administrative expenses 0 0 Total general and administrative expenses Total operating expenses Income before taxes 0 $ 0 Net Income co 10