A company offers a cash rebate of $2 on each $6 package of batteries sold during 2021. Historically,9% of customers mail in the rebate form. During 2021,5400000packages of batteries are sold, and175000$2 rebates are mailed to customers. What is the rebate expense and liability, respectively, shown on the 2021 financial statements dated December 31?

$350000; $622000

$972000; $622000

$622000; $622000

$972000; $972000