lowing calendar year end information is taken from the December 31, 2015, adjusted trial balance Problam 14-2B Classifying costs C2 C3 and other records of Best Bikes. $ 20.250 8.440 Office salaries expense . Miscellaneous production costs8440 Advertising expense Depreciation expense Office equipment.... Depreciation expense Selling equipment 10,125 Depreciation expense- Factory equipmenc 70,875 894,375 35,400 Rent expense-Office space 23.625 Raw materials purchases 27,000 93,500 37,500 Maintenance expense-Factory equipment 30,375 Factory utilities 295,300 Required 1. Identify and classify each of the costs above as either a product or period cost. 2. Classify each of the product costs as either direct materials, direct labor, or factory overhead. 3. Classify each of the period costs as either selling or general and administrative expenses