With the goal of attracting as much customers as possible in the CAR region, LISA Appliance Co. engaged in a customer satisfaction program and marketing strategy for two of their major lines of products: (1) electrical appliances and (2) household and office furniture. All branches in the region are participating in the company's promotions. In the customer satisfaction program, LISA provides one-year warranty replacement of parts and labor of the electrical appliances sold. Based on past experience, the estimated warranty cost is 3% of soles. During 2021, total sales of electrical appliances was 97,200,000. Replacement parts and labor for warranty work totaled #184,000 during 2021. In the company's marketing strategy for the household and office furniture section, customers are given a coupon for every 1,000 spent on these items. Customers may exchange 10 coupons plus 500 for a "hot and cold" water dispenser. Each water dispenser cost P1,200 and estimates that 40% of the coupons given to customers will be redeemed. During 2021, sales of household and office furniture totaled #2,600,000. A total of 100 water dispensers used in the promo were purchased and there were 800 coupons redeemed in 2021. The accrual method is used by LISA 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, 2021 were shown as follows: Inventory of "hot and cold water dispensers - 30 units: Estimated premiums claims outstanding 12.500 Estimated liability for warranty - #80,000. How much is the estimated premiums claims outstanding as of December 31, 2021? With the goal of attracting as much customers as possible in the CAR region, LISA Appliance Co. engaged in a customer satisfaction program and marketing strategy for two of their major lines of products: (1) electrical appliances and (2) household and office furniture. All branches in the region are participating in the company's promotions. In the customer satisfaction program, LISA provides one-year warranty replacement of parts and labor of the electrical appliances sold. Based on past experience, the estimated warranty cost is 3% of sales. During 2021, total sales of electrical appliances was 97,200,000. Replacement parts and labor for warranty work totaled #184,000 during 2021. In the company's marketing strategy for the household and office furniture section, customers are given a coupon for every #1,000 spent on these items. Customers may exchange 10 coupons plus 500 for a "hot and cold" water dispenser. Each water dispenser cost #1,200 and estimates that 40% of the coupons given to customers will be redeemed. During 2021, sales of household and office furniture totaled #2,600,000. A total of 100 water dispensers used in the promo were purchased and there were 800 coupons redeemed in 2021. The accrual method is used by LISA to occount for the warranty and premium costs for financial reporting purposes. The balances in the accounts related to warranties and premiums on January 1, 2021 were shown as follows: Inventory of "hot and cold water dispensers - 30 units: Estimated premiums claims outstanding 12.500 Estimated liability for warranty - #80.000. How much is the premium inventory (prepaid expense) reported as of December 31, 2021? * In packages of its products, JENNIE Inc. includes coupons that may be presented at retail stores to obtain discounts on other JENNIE products. Retailers are reimbursed for the face amount of coupons redeemed plus 10% of that amount for handling costs. JENNIE honors requests for coupon redemption by retailers up to 3 months after the consumer expiration date. JENNIE estimates that 60% of all coupons issued will ultimately be redeemed. Information relating to coupons issued by JENNIE during 2021 is as follows: Consumer expiration date - December 31, 2021; Total payments to retailers as of December 31, 2021 - #165,000; Liability for unredeemed coupons as of December 31, 2021 - #99,000. What is the total face amount of coupons issued by JENNIE Inc. in 20213 8. ROSE Company entered into a lawsuit on December 20, 2021 and recognized on the same date a provision of $2,000,000. On February 28, 2022, when the financial statements for the year ended December 31, 2021 had not yet been authorized for issue, the case was settled and the court decided the final total damages to be paid by the entity at $3,000,000. In addition, the Company has a loan payable of #2,000,000 due on June 30, 2022. On January 1, 2022, before the authorization of the issuance of financial statements, the bank agreed to refinance the loan, extending the maturity to June 30, 2024. Also, another loan amounting to #7,000,000 due on December 1, 2022 was obtained by the Company on January 2, 2022 from BPI. ROSE Company has the discretion to refinance or roll over the loan for at least twelve months from December 31, 2022. At what amount should the current liability be presented in the statement of financial position?