REQUIREMENT: Use the information below to calculate the amount of expense and the liability to be recognized at year-end for Sludge City as related to their sold waste municipal landfill as of the end of the first three years of operation.
	Total estimated cost of closure/postclosure expense at year-end:
	Year1=18,550,000	Year2=20,300,000				Year3=21,800,000
	Total amount of landfill used at year end (cumulative). (such as year3=1617000 is the total amount used for 3 years)
	Year1=588,000 cubic feet
	year2=1,274,000 cubic feet
	year3=1,617,000 cubic feet
	Anticipated landfill capacity throughout first three years=4900,000 cubic feet
	Closure costs paid at the end of year 2=800,000
	Closure costs paid at the end of year 3=950,000
Year 1	Expense:
	Liability:
Year 2	Expense:
	Liability:
Year 3	Expense:
	Liability: