THANKYOUUUUUUUUplease answer it and explain thankyou

Problem 11: Sweet Company sells magazine subscriptions for 1 to 3 year period. Cash receipts from subscribers are credited to the account magazine subscription collected in advance, and this account had a balance of P2,400,000 at December 31, 2005 before year-end adjustment. Outstanding subscriptions at December 31, 2015 expire as follows: 2016... Php 600,000 2017..... Php 900,000 2018.... Php 400,000 11. In its December 31, 2015 balance sheet, what amount should Sweet Company report as the balance for magazine subscriptions collected in advance? Problem 12: Pretender Music Emporium carries a wide variety of musical instruments, sound reproduction equipment, recorded music and sheet music. Pretender uses two sales promotion techniques-warranties and premiums, to attract customers. Musical instruments and sound equipment are sold with a one-year warranty for replacement of parts and labor. The estimated warranty cost, based on past experience, is 2% of sales. The premium is offered on the recorded and sheet music. Customers receive a coupon for each peso spent on recorded music or sheet music. Customers may exchange 200 coupon for each peso spent on recorded music or sheet music. Customers may exchange 200 coupons and Php 20 for a cassette player. Pretender pays Php 34 for each cassette player and estimates that 60% of the coupons given to the customers will be redeemed. Pretender's total sales for 2020 were Php 7, 200,000; Php 5,400,000 from musical instruments and sound reproduction equipment and P 1,800,000 from recorded music and sheet music. Replacement parts and labor for warranty work totaled Php 164,000 during 2006. A total of 6,500 cassette players used in the premium program were purchased during the year and there were 1,200,000 coupons redeemed in 2020. The accrual method is used by Pretender to account for the warranty and premium costs for financial reporting purposes. The balances in the accounts related to warranties and premiums on January 1, 2020 are shown below: Inventory of Premium Cassette Players Php 39,950 Estimated Premium Claims Outstanding Estimated Liability from Warranties 136,000 12. At what amount should the Estimated Premium Claims Outstanding be shown in the December 31, 2020 financial statement of Pretender Music Emporium? 44,800 Problem 11: Sweet Company sells magazine subscriptions for 1 to 3 year period. Cash receipts from subscribers are credited to the account magazine subscription collected in advance, and this account had a balance of P2,400,000 at December 31, 2005 before year-end adjustment. Outstanding subscriptions at December 31, 2015 expire as follows: 2016... Php 600,000 2017..... Php 900,000 2018.... Php 400,000 11. In its December 31, 2015 balance sheet, what amount should Sweet Company report as the balance for magazine subscriptions collected in advance? Problem 12: Pretender Music Emporium carries a wide variety of musical instruments, sound reproduction equipment, recorded music and sheet music. Pretender uses two sales promotion techniques-warranties and premiums, to attract customers. Musical instruments and sound equipment are sold with a one-year warranty for replacement of parts and labor. The estimated warranty cost, based on past experience, is 2% of sales. The premium is offered on the recorded and sheet music. Customers receive a coupon for each peso spent on recorded music or sheet music. Customers may exchange 200 coupon for each peso spent on recorded music or sheet music. Customers may exchange 200 coupons and Php 20 for a cassette player. Pretender pays Php 34 for each cassette player and estimates that 60% of the coupons given to the customers will be redeemed. Pretender's total sales for 2020 were Php 7, 200,000; Php 5,400,000 from musical instruments and sound reproduction equipment and P 1,800,000 from recorded music and sheet music. Replacement parts and labor for warranty work totaled Php 164,000 during 2006. A total of 6,500 cassette players used in the premium program were purchased during the year and there were 1,200,000 coupons redeemed in 2020. The accrual method is used by Pretender to account for the warranty and premium costs for financial reporting purposes. The balances in the accounts related to warranties and premiums on January 1, 2020 are shown below: Inventory of Premium Cassette Players Php 39,950 Estimated Premium Claims Outstanding Estimated Liability from Warranties 136,000 12. At what amount should the Estimated Premium Claims Outstanding be shown in the December 31, 2020 financial statement of Pretender Music Emporium? 44,800