15 of 24 2 Marks A company offered a cash rebate of 10% on each of the 600,000 packages of batteries it sold during 2020. The price per package was $4. Historically, the company receives rebate forms for 50% of the packages they sell. During 2020, the company paid $51,000 in rebates to customers. Consequently, the Rebate Expense and Liability for Rebates that would be reported on the financial statements for 2020 are: Rebate Expense Liability for Rebates O A. $120,000 O B. 240,000 $ 69,000 189,000 O C. 600,000 549,000 O D. 240,000 69,000 Unsure