The following situations relate to Bramble Company. 1. Bramble Company provides a warranty with all products sold. It estimates that it will sell 1,300,000 units of its product for the year ended December 31, 2022, and that its total revenue for the product will be $130,000,000. It also estimates that 60% of the product will have no defects, 30% will have major defects, and 10% will have minor defects. The cost of a minor defect is estimated to be $5 for each product, and the cost for a major defect is $15. The company also estimates that the minimum amount of warranty expense will be $2,600,000 and the maximum will be $13,000,000. Determine expected warranty costs, for Bramble Company at December 31, 2022. Expected warranty costs $ 2. Bramble is involved in a tax dispute with the tax authorities. The most likely outcome of this dispute is that the company will lose and have to pay $520,000. The minimum it will lose is $260,000 and the maximum is $3,250,000. Determine income taxes payable, for Bramble Company at December 31, 2022. Income taxes payable $