Novak Corp. follows IFRS and sells its products in expensive, reusable containers that can be tracked. The customer is charged a deposit for each container that is delivered and receives a

refund for each container that is returned within two years after the year of delivery. When a container is not returned within the time limit$,$ Novak accounts for the container as being sold

at the deposit amount and credits the account Container Sales Revenue. Information for $2023$ is as follows:

$($a$).$

$($b$)$

Calculate the total amount that Novak should report as a liability for returnable deposits at December $31,2023.$

Liability for reusable containers

$