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13. Obama Company inaugurated a sales promotional campaign on August 1 point 31, 2020 in its desire to improve sales. Obama placed a coupon redeemable for a premium in each ream of bond papers sold. Each premium costs Obama P20 and five coupons must be presented by a customer to receive a premium. Obama estimated that only 70% of the coupons issued would be redeemed. For the four months ended December 31, 2020, the information presented in the table is available. How much is the estimated liability for premium claims outstanding at December 31, 2020?* REAMS OF BOND PREMIUMS PAPER SOLD PURCHASED COUPONS REDEEMED 400,000 30,000 100,000 O a. P720,000 O 6.P1,020,000 O c. P1,800,000 O d.P3,600,000 1 point 14. Bill Corporation sells washing machines that carry a three-year warranty against manufacturer's defects. Based on company experience, Warranty costs were estimated at P300 per machine. During 2020, Bill sold 24,000 washing machines and paid warranty costs of P1,700,000. In its profit or loss for the year ended December 31, 2020, Bill should report warranty expense of: * O a. P1,700,000 O b. P2,400,000 OC.P5,500,000 O d. P7,200,000 15. Use the information given in the preceding problem. Assuming that the point company's operations started in 2020, what is the liability for warranty reported by Bill at December 31, 2020?* O a. P1,700,000 O b. P2,400,000 O c. P5,500,000 O d. P7,200,000