9. Although the manufactures of the Drones do not offer warranties on the products, Droscoe does take it upon himself to offer a six-month money back guarantee on drones sold. Should a drone be returned under his warranty terms, Droscoe will refund the sales price to the customer in cash. Warranty payable at 12/31/2009 was $1,425. Cash refunds due to warranties claims during 2010 totaled $2,250. The estimated remaining liability for items sold during 2010 and still under warranty is $1,100.

Using the FSET, What amount will be reported on the 2010 year-end financial statements for

i) Cash Paid for Warranties: $_______________

ii) Warranty Payable: $_______________

iii) Warranty Expense: $_______________