On March 31, 2020, Bartholomew Company began offering a new product for sale under a one-year warranty. Of the 70,000 units in inventory at March 31, 2020, 42,000 had been sold by June 30, 2020. Based on its experience with similar products, Bartholomew estimated that the average warranty cost per unit sold would be P120. Actual warranty costs included from March 31 through June 30, 2020, were P2,350,000. At June 30,2020, what amount should Bartholomew report as estimated warranty liability? QUESTION 25 Hannah Company estimates its annual warranty expenses at 2% of annual net sales. The following data are available: Sales 9,000,000 Sales returns, allowances, and discounts 500,000 Warranty liability, December 31, 2019 127,500 Warranty payments during 2020 106,250 Estimated premiums related to sales 300,000 After recording the 2020 estimated warranty expense, the warranty liability account would show a December 31, 2020 balance of none of these 148,750 191,250 185,250 170,000