The following year-end information is taken from the December 31 adjusted trial balance and other records of Leone Company, Problem 18-2A Classifying costs C2 Advertising expense Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense --Factory equipment Raw materiais purchases (all direct materials) Maintenance expense-Factory equipment Factory utilities $ 28,750 7,250 8,600 49,325 925,000 35.400 33,000 Direct labor Indirect labor Office salaries expense... Rent expense-Office space. Rent expense-Selling space Rent expense-Factory building Soles salaries expense $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 adminis- trative expense