9. Fillmore Company started selling a new product that carried a two-year 2 points warranty against defects. Based upon past experience with other products, the estimated warranty costs related to peso sales are: First year of warranty = 3%; Second year of warranty = 5%. Total sales and actual warranty repairs for 2011 and 2012 are given on the table below. What amount should Fillmore report as its estimated warranty liability as of December 31, 2012? 2011 2012 Sales P4,200,000 P6,960,000 Actual warranty expenditures 148,800 180,000 Your answer 10. At December 31, 2020, Roosevelt Corporation owed a note payable of 2 points P2,000,000 maturing on April 30, 2021. These notes did not arise from transactions in the normal course of business. On February 1, 2021, Roosevelt issued P4,000,000 of ten-year bonds with the intention of using part of the bond proceeds to liquidate the P2,000,000 of notes payable. Roosevelt's December 31, 2020 financial statements were issued on March 29, 2021. How much should be classified as a current liability in Roosevelt's statement of financial position at December 31, 2020 in relation to this note? Your