For each of the following situations, indicate the liability amount, if any, that is reported on the balance sheet of Heller, Inc., at December 31, 2014.

a. Heller owes \(\$ 110,000\) at year-end 2014 for inventory purchases.

b. Heller agreed to purchase a \(\$ 28,000\) drill press in January 2015 .

c. During November and December of 2014, Heller sold products to a customer and warranted them against product failure for 90 days. Estimated costs of honoring this 90 -day warranty during 2015 are \(\$ 2,200\).

d. Heller provides a profit-sharing bonus for its executives equal to \(5 \%\) of reported pretax annual income. The estimated pretax income for 2014 is \(\$ 600,000\). Bonuses are not paid until January of the following year.