Blue Music Empocium carries a wide variety of musical imtruments, sound reproduction equipment, recarded masic, and bheet musk. Blue uses two sales promotion techniques - warranties and premiums-to attract customers. Mislcal instruments and sound equipment are sold with a 1-vear warranty for replacement of parts and labor. Theewimated warranty cost, based on past experience, is 1% of sales. The premium is offered an the recorded and sheet music Customers receive a coupon for exch dollar spent on recorded music or sheet music. Customers may exchange 200 coupons and $30 for in MP3 player, Blue pays $41 for each player zod estimates that 7on. of the coupons given to customers will be redeemed. Biue's total sales for 2025 were $7,226,000;$6,016,000 from muskal instruments and sound reproduction equipment ond $1,210,000 from recorded music and sheet music. Replacement parts and laboe for warranty work tot 3 led 595,500 daring 2025 (547,500 of the work is related to pre-2025 sales]. A total of 6.710 players used in the premim propramwere purchased turithe the year and there were 1,300,000 coupons redeemed in 2025. The balances in the accounts related to warranties and premiums an January 1, 2025, were as shown betow. Blue Music Emporium is preparine its financial statements for the vear ended December 31,2025 . Determine the ampunts that wil be shown on the 2025 financlalistatements for the following. Blue Music Emporium is preparing its financial statements for the year ended December 31,2025 . Defermine che amourts thut will be shown on the 2025 frinancial statements for the following. (a) Warranty Expense: (6) Warranty Liability (c) Premium Experse (d) Premium thventory (e) Premium Liability