M Problem 18-2A Classifying costs c2 The following year end information is taken from the December 31 adjusted trial balance and other records of Leone Company Advertising expense Depreciation expense-omice equipment Depreciation expense-Selling equipment Depreciation expenseFactory equipment Raw materiais purchases (all direct materials Maintenance expense-Factory equiment Factory utilities Direct labor Indirect labor Omice salaries expense Rent expense-Office space Rent expense-Selling space Rent expense-Factory building Sales salaries expense $ 28,750 7.250 8,600 49,325 925.000 35.400 33.000 675,480 159.475 63.000 22.000 26,100 76,800 392,560 Required Identify each cost as either a product cost or a period cost. If a product cost, classify it as direct materials, direct labor, or factory overhead. If a period cost. classify it as a selling expense or a general and administrative expense