with solutions please

ABC company offers P15 rebates for Product GH sold during 2020. It is estimated that 25% of the customers will apply for the rebate. During 2020, 5,500,000 units of Product GH were sold, and 250,000 customers applied and were granted a rebate. On the 2020 Financial Statements dated December 31, determine the amount of Rebate Expense and Rebates Liability P20,625,000; P20,625,000 OP3,750,000; P16,875,000 P16,875,000; P16,875,000 OP20,625,000, P16,875,000