Question: How would I set up an income statement for this information Required information The following information applies to the questions displayed below The following calendar
Required information 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. 33,000 Direct labor 11,500 Income taxes expense 10,000 Indirect labor 39,000 Miscellaneous production costs 138,000 office salaries expense s 592,100 Advertising expense Depreciation expen Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision Pactory supplies used Factory utilities Inventories se-Office equipment 263,70 57,200 9,300 64,000 994,000 26,000 25,700 81,200 39,500 4,486,600 395,200 8,100 Raw materials purchases 33,000 Rent expense-office space Rent expense-Selling space 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 163,200 Rent expense-Factory building 181,000 Maintenance expense-Factory equipment 15,900 Sales 21,000 Sales salaries expense 166,500 143,200 2. Prepare the company's 2017 income statement that reports separate categories for (a) selling expenses administrative expenses. LEONE COMPANY
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