For each of the following situations, indicate the amount shown as a liability on the balance sheet of Cooper, Inc., at December 31:

a. Cooper has accounts payable of \(\$ 120,000\) for merchandise included in the year-end inventory.

b. Cooper agreed to purchase a \(\$ 30,000\) drill press in the following January.

c. During November and December of the current year, Cooper sold products to a firm and guaranteed them against product failure for 90 days. Estimated costs of honoring this provision next year are \(\$ 2,200\).

d. On December 15 , Cooper declared a \(\$ 60,000\) cash dividend payable on January 15 of the following year to shareholders of record on December 31.

e. Cooper provides a profit-sharing bonus for its executives equal to five percent of the reported before-tax income for the current year. The estimated before-tax income for the current year is \(\$ 800,000\).