Required information Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below) The following year-end information is taken from the December 31 adjusted trial balance and other records of Leone Company Advertising expense $40,000 Depreciation expense-office equipment 19,000 Depreciation expense-selling equipment 20,000 Depreciation expense-factory equipment 62,000 Raw materials purchases (all direct materials) 720,000 Maintenance expense-Factory equipment Factory utilities 39,600 35,400 Direct labor 448,000 Indirect labor office salaries expense Rent expense-office space Rent expense-selling space Rent expense-Factory building Sales salaries expense 67,000 40,000 24,000 58,000 139,000 334,000 Problem 1-2A (Algo) Classifying costs LO C2 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. (Leave no cell blank. Enter "NA- Not a product cost" or "NA - Not a period cost" for expenses that are not product cost or perjod cost.)