Relevant extracts from the financial statements at December 31, 2021 of Cal Company are as follows: Provision for warranties Current, P270,000 Noncurrent, P180,000 Note 35 Contingent liabilities Cal is engaged in litigation with various parties in relation to allergic reactions to traces of peanuts alleged to have been found in packets of fruit gums. Cal strenuously denies the allegations and, as at the date of authorizing the financial statements for issue, is unable to estimate the financial effect, if any, of any. costs or damages that may be payable to the plaintiffs. The provision for warranties at December 31, 2021 was calculated using the following assumptions. There was no balance carried forward from the prior year: Estimated costs of repairs P1,000,000 products with minor defects, Estimated costs of repairs P6,000,000 products with major defects, Expected of products sold during 2021 having no defects in 2022, 80 % Expected 2022, 15% Expected 2022, 5% of products sold during 2021 having minor defects in of products sold during 2021 having major defects in Expected timing of settlement of warranty payments those with minor defects, All in 2022 Expected timing of settlement of warranty payments - those with major defects, 40% in 2022, 60% in 2023 During the year ended December 31, 2022 the following occurred: 1. In relation to the warranty provision of P450,000 at December 31, 2021, P200,000 was paid out of the provision. Of the amount paid, P150,000 was for products with minor defects and P50,000 was for products with major defects, all of which related to amounts that had been expected to be paid in 2022. 2. In calculating its warranty provision for December 31, 2022, Cal made the following adjustments to the assumptions used for the prior year: Estimated costs of repairs - products with minor defects, No change Estimated costs of repairs - products with major defects, P5,000,000 Expected 85 % Expected 2023, 13% Expected 2023, 2% of products sold during 2022 having no defects in 2023, of products sold during 2022 having minor defects in of products sold during 2022 having major defects in Expected timing of settlement of warranty payments. those with minor defects, All in 2023 Expected timing of settlement of warranty payments those with major defects, 20% in 2023, 60% in 2024 3. Cal determined that part of its plant and equipment needed an overhaul the conveyer belt on one of its machines would need to be replaced in about December 2023 at an estimated cost of P250,000. The carrying amount of the conveyer belt at December 31, 2021 was P140,000. Its original cost was P200,000. 4. Cal was unsuccessful in its defense of the peanut allergy case and was ordered to pay P1,500,000 to the plaintiffs. As at December 31, 2022 Cal had paid P800,000. 5. Cal commenced litigation against of its advisers for negligent advise given on the original installation of the conveyers belt referred to in (3) above. In October 2022, the court found in favor of Cal. The hearing for damages had not been scheduled as at the date the financial statements for 2022 were authorized for issue. Cal estimated that it would receive about P425,000. 6. Cal signed an agreement with Craft Bank to the extent that Cal would guarantee a loan made by Craft Bank to Cal's subsidiary, Olive Ltd. Olive's loan with Craft bank amounted to P3, 200,000 as at December 31, 2022. Olive was included in the financial position at December 31, 2022. The warranty expense in 2022 is? The provision for warranties as of December 31, 2022 is? The provision for warranties to be reported as current liabilities as of December 31, 2022 is? The provision for warranties to be reported as noncurrent liabilities as of December 31, 2022 is?