For each of the following situations, indicate the amount shown as a liability on the balance sheet of Kane, Inc, at December 31 : a. Kane has accounts payable of $110,000 for merchandise included in the year-end inventory. b. Kane agreed to purchase a $28,000 drill press in the following January, $ c. During November and December of the current year, Kane sold products to a firm and guaranteed them against product failure for 90 days. Estimated costs of honoring this provision next year are $2,200, 1 d. On December i5. Kane declared a $70,000 cash dividend payable on january 15 of the following year to shareholders of record an December 31,3 e. Kane provides a profit-sharing bonus for its executives equal to five percent of the reported before-tax income for the current year. The esumated before-tax income for the current year is $600,000.5