A company offers a cash rebate of $2 on each $6 package of batteries sold during 2018. Historically,10% of customers mail in the rebate form. During 2018,4900000packages of batteries are sold, and176000$2 rebates are mailed to customers. What is the rebate expense and liability, respectively, shown on the 2018 financial statements dated December 31?

$628000; $628000

$980000; $628000

$352000; $628000

$980000; $980000