Nash Music. Emporium carries a wide varlety of musical instruments, sound reproduction equipment, recorded music, and sheet music. Nash uses two sales promotion techniques - warrantics and premiums-to attract custoners. Musicat 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 1% of sales. The premium is offered on the recorded and sheet music. Customers receive a coupon for each dollar spent on recorded music or sheet music. Customers may clochange 200 coupons and $10 for an MP3 ployer. Nash pays $21 for each player and estimates that 50% of the coupons given to customers will be redeemed. Nash's total sales for 2025 were $6,544,000;$5,144,000 from musical instruments and vound reproduction equipment and $1,400,000 from recorded music and sheet music Replacement parts and labor for warranty work totaled $36,000 durins 2025 year and there were 1.162 .000 coupons redeened in 2025. The batances in the accounts related to warrintles and peremlums on January 1,2025, were au shown below. Nash Music Emporium is preparing its finandal statements for the vear ended December 31,2025 , Determinet the amounts that will be shown on the 2025 financial statements for the following: Nash Music Emporium is preptring its financial statements for the year ended December 31, 2025. Determine the amounts that wil! be shown on the 2025 financlal statements for the following. (a) Warranty Expense (b) Warranty Liability (c) Premium Expense (d) Premium Inventory (e) Premium Liability