Question 13 of 40 < > View Policies -/1 E ! Current Attempt in Progress A company offers a cash rebate of $2 on each $6 package of batteries sold during 2021. Historically, 9% of customers mail in the rebate form. During 2021, 5900000 packages of batteries are sold, and 177000 $2 rebates are mailed to customers. What is the rebate expense and liability, respectively, shown on the 2021 financial statements dated December 31? $1062000; $1062000 O $354000; $708000 O $1062000; $708000 O $708000; $708000