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 $ 28,100 Direct labor 10,700 Income taxes expense 10,429 Indirect labor 33, 3ee Miscellaneous production costs 146,6ee Office salaries expense 9,800 Raw materials purchases 35,000 Rent expense-Office space Rent expense-Selling space 156,980 Rent expense-Factory building 179,00 Maintenance expense-Factory equipment 15,900 Sales 21,400 Sales salaries expense 161,900 143, See $ 685,800 276,300 56.300 11,800 67.eee 939, eee 25,eee 27,8ee 81,300 36,900 4,525,980 392,780 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