Bramble Music Emporium carries a wide variety of musical instruments, sound reproduction equigment, recorded music, and sheet mosic, Bramble uses two sales promotion techniques-warranties and premiums-to attract customers Musical instruments and sound equipment are sold with a 1 -year warranty for replacement of parts and labor. The estimated warranty cost, based on past experience, is 16 of sales. The premium is offered on the recorded and theet music. Customers receive a coupon for each dollar spent on recorded masic or sheet music Customers may exchange 200 coupons and $20 for an MP3 player. Bramble pays $33 for each player and estimates that 50% of the coupons given to cistomers will be redeemed. Brambie's total sales for 2020 were $7,570,000$5,898,000 from misical instruments and sound reproduction equipment and $1.672,000 from recorded misic and sheet music. fieplacement parts and labor for wartanty work tetaled $97,500 during 2020 (\$45,000 of the work is related to pre 2020 sales). A total of 6.340 players used in the premium prokram were purchaned during the year and there were 1,126,000 coupons redeemed in 2020 The balances in the accosints related to warranties and prem-ums on January 1.2020, were as shown below. Bramble Music Eimporiam is preparing its financial statements for the year ended December 31,2020 . Determine the amounts that will be shown on the 2020 financialstatements for the following The balances in the accounts related to warranties and premiums on January 1,2020, were as shown below. Bramble Music Emporium is preparing its financial statements for the year ended December 31, 2020. Determine the amounts that will be shown on the 2020 financial statements for the following. (a) Warranty Expense (b) Warranty Liability (c) Premium Expense (d) Premium inventory (e) Premium Liability