On 01-01-18, Ace Inc. began offering a cash rebate of $2 on each $25 package of dog food it sold. The rebates do not have an expiration date. Ace estimates that 34% of its customers will mail in the rebate form. During 2018 and 2019, Ace sold 370,000 and 400,000, packages of dog food, respectively, and mailed 90,000 and 142,000 $2 rebates to customers, respectively. What is Aces rebate expense and liability, respectively, shown on its annual 2019 financial statements dated December 31?

Expense: $________

Liability: $_________