Robson Electronics completed these selected transactions during March 2018:

a. Sales of $2,050,000 are subject to an accrued warranty cost of 9%. The accrued warranty payable at the beginning of the year was $32,000, and warranty payments for the year totaled $53,000.

b. On March 1, Robson Electronics signed a $55,000 note payable that requires annual payments of $11,000 plus 3% interest on the unpaid balance beginning March 1, 2019.

c. Barnard, Inc., a chain of discount stores, ordered $125,000 worth of wireless speakers and related products. With its order, Barnard, Inc., sent a check for $125,000 in advance, and Robson shipped $90,000 of the goods. Robson will ship the remainder of the goods on April 3, 2018.

d. Robson’s March payroll of $280,000 is subject to employee withheld income tax of $30,500 and FICA tax of 7.65%. On March 31, Robson pays employees their take-home pay and accrues all tax amounts.

Requirement

1. Report these items on Robson Electronics’ balance sheet at March 31, 2018.