1. The following accounts and their balances appear in an unadjusted trial balance of JISOO Company as of December 31, 2021: Cash and cash equivalents -400,000;Trade and other receivables -2,000,000; Subscription receivables - 375,000; Inventory -500,000;Trade and other payables -670,000; Income tax payable -196,500. Additional information includes: A. Trade and other receivables include long-term advances to company officers amounting to 430,000. B. The subscriptions receivable has the following call dates: June 30, 2022 -200,000; December 31, 2022 -100,000; and June 30, 2023 -75,000. C. Inventory of 500,000 was determined by physical count. At December 31, 2021, goods costing 125,000 are in transit from a supplier. Terms of purchase of the said goods is FOB origin. The goods and the related invoice have not been received as of year-end. D. Trade and other payables include dividends payable amounting to 170,000, of which 70,000 is payable in cash and 100,000 is distributable in JISOO's own shares. The total current liabilities as of December 31, 2021 is? * 766,500 891,500 731,500 866,500 2. With the goal of attracting as much customers as possible in the CAR region, LISA Appliance Co. engaged in a customer satisfaction program and marketing strategy for two of their major lines of products: (1) electrical appliances and (2) household and office furniture. All branches in the region are participating in the company's promotions. In the customer satisfaction program, LISA provides one-year warranty replacement of parts and labor of the electrical appliances sold. Based on past experience, the estimated warranty cost is 3% of sales. During 2021, total sales of electrical appliances was 7,200,000. Replacement parts and labor for warranty work totaled 184,000 during 2021. In the company's marketing strategy for the household and office furniture section, customers are given a coupon for every 1,000 spent on these items. Customers may exchange 10 coupons plus 500 for a "hot and cold" water dispenser. Each water dispenser cost 1,200 and estimates that 40% of the coupons given to customers will be redeemed. During 2021, sales of household and office furniture totaled 2,600,000. A total of 100 water dispensers used in the promo were purchased and there were 800 coupons redeemed in 2021. The accrual method is used by LISA to account for the warranty and premium costs for financial reporting purposes. The balances in the accounts related to warranties and premiums on January 1, 2021 were shown as follows: Inventory of "hot and cold" water dispensers - 30 units; Estimated premiums claims outstanding - 17,500;Estimated liability for warranty - 80,000. How much is the warranty expense for the year ended December 31, 2021? * 290,000 184,000 216,000 112,000 3. With the goal of attracting as much customers as possible in the CAR region, LISA Appliance Co. engaged in a customer satisfaction program and marketing strategy for two of their major lines of products: (1) electrical appliances and (2) household and office furniture. All branches in the region are participating in the company's promotions. In the customer satisfaction program, LISA provides one-year warranty replacement of parts and labor of the electrical appliances sold. Based on past experience, the estimated warranty cost is 3% of sales. During 2021, total sales of electrical appliances was 7,200,000. Replacement parts and labor for warranty work totaled 184,000 during 2021. In the company's marketing strategy for the household and office furniture section, customers are given a coupon for every 1,000 spent on these items. Customers may exchange 10 coupons plus 500 for a "hot and cold" water dispenser. Each water dispenser cost 1,200 and estimates that 40% of the coupons given to customers will be redeemed. During 2021, sales of household and office furniture totaled 2,600,000. A total of 100 water dispensers used in the promo were purchased and there were 800 coupons redeemed in 2021. The accrual method is used by LISA to account for the warranty and premium costs for financial reporting purposes. The balances in the accounts related to warranties and premiums on January 1, 2021 were shown as follows: Inventory of "hot and cold" water dispensers - 30 units; Estimated premiums claims outstanding - 17,500;Estimated liability for warranty - 80,000. How much is the estimated liability for warranty at December 31, 2021? * 216,000 32,000 290,000 112,000 4. With the goal of attracting as much customers as possible in the CAR region, LISA Appliance Co. engaged in a customer satisfaction program and marketing strategy for two of their major lines of products: (1) electrical appliances and (2) household and office furniture. All branches in the region are participating in the company's promotions. In the customer satisfaction program, LISA provides one-year warranty replacement of parts and labor of the electrical appliances sold. Based on past experience, the estimated warranty cost is 3% of sales. During 2021, total sales of electrical appliances was 7,200,000. Replacement parts and labor for warranty work totaled 184,000 during 2021. In the company's marketing strategy for the household and office furniture section, customers are given a coupon for every 1,000 spent on these items. Customers may exchange 10 coupons plus 500 for a "hot and cold" water dispenser. Each water dispenser cost 1,200 and estimates that 40% of the coupons given to customers will be redeemed. During 2021, sales of household and office furniture totaled 2,600,000. A total of 100 water dispensers used in the promo were purchased and there were 800 coupons redeemed in 2021. The accrual method is used by LISA to account for the warranty and premium costs for financial reporting purposes. The balances in the accounts related to warranties and premiums on January 1, 2021 were shown as follows: Inventory of "hot and cold" water dispensers - 30 units; Estimated premiums claims outstanding - 17,500;Estimated liability for warranty - 80,000. How much is the premium expense for the year ended December 31, 2021? 60,000 43,300 34,300 72,800 5. With the goal of attracting as much customers as possible in the CAR region, LISA Appliance Co. engaged in a customer satisfaction program and marketing strategy for two of their major lines of products: (1) electrical appliances and (2) household and office furniture. All branches in the region are participating in the company's promotions. In the customer satisfaction program, LISA provides one-year warranty replacement of parts and labor of the electrical appliances sold. Based on past experience, the estimated warranty cost is 3% of sales. During 2021, total sales of electrical appliances was 7,200,000. Replacement parts and labor for warranty work totaled 184,000 during 2021. In the company's marketing strategy for the household and office furniture section, customers are given a coupon for every 1,000 spent on these items. Customers may exchange 10 coupons plus 500 for a "hot and cold" water dispenser. Each water dispenser cost 1,200 and estimates that 40% of the coupons given to customers will be redeemed. During 2021, sales of household and office furniture totaled 2,600,000. A total of 100 water dispensers used in the promo were purchased and there were 800 coupons redeemed in 2021. The accrual method is used by LISA to account for the warranty and premium costs for financial reporting purposes. The balances in the accounts related to warranties and premiums on January 1, 2021 were shown as follows: Inventory of "hot and cold" water dispensers - 30 units; Estimated premiums claims outstanding - 17,500;Estimated liability for warranty - 80,000. How much is the estimated premiums claims outstanding as of December 31, 2021? * 72,800 27,800 34,300 60,000