During 2014, Eaton Co. introduced a new product carrying a two-year warranty against defects. The estimated warranty costs related to dollar sales are 2% within 12 months following sale and 4% in the second 12 months following sale. Sales and actual warranty expenditures for the years ended December 31, 2014 and 2015 are as follows:

Actual Warranty

Sales Expenditures

2014$800,000 $12,000

20151,000,000 30,000

$1,800,000 $42,000

Answer the following:

1-Current Warranty Liabilities at December31,2014..........

2-Current Warranty Liabilities at December31,2015..........

3-Non-Current Warranty Liabilities at December31,2014...................

4-Warranty Expense for the year 2014.............

5-Warranty Expense for the year 2015.............