WXZ Pools carries a wide variety of residential quality outdoor swimming pools and supplies to maintain the pools. WXZ uses two sales promotion techniqueswarranties and premiumsto attract and retain customers. Swimming pools are sold with a two-year warranty for replacement of parts and labor. The estimated warranty cost, based on past experience, is 8% of swimming pool sales. The premium is offered on the purchases of chemical supplies to maintain the pool. Customers receive a coupon for each dollar spent on pool chemical supplies. Customers may exchange 200 coupons and $6 for one of an assortment of pool toys. WXZ pays $15 for each pool toy and estimates that 30% of the coupons given to customers will be redeemed. WXZs total sales for 2018 were $9,000,000 ($7,500,000 from outdoor swimming pools and $1,500,000 from pool chemicals). Replacement parts and labor for warranty work totaled $345,000 during 2018. A total of 2,400 pool toys used in the premium program were purchased during the year, and there were 236,000 coupons redeemed in 2018. The accrual method is used by WXZ to account for the warranty and premium costs for financial reporting purposes. WXZ Pools is preparing its financial statements for the year ended December 31, 2018. Assume there is a $0 balance in all related Warranty and Premium liability and inventory accounts at January 1, 2018. Determine the amounts that will be shown on the December 31, 2018 financial statements for the following (note: no journal entries required).

1. Warranty Expense

4. Inventory of Premiums

2. Warranty Liability

5. Premium Liability