What amount should DanBam report as a liability for deposits on returnable containers at December 31,2019? To input answers, kindly follow the sample format below(no peso sign, with comma, no space): ex. 100,000 Failure to follow the format will invalidate your answer. DanBam sells its products in reusable expensive containers. The customer is charged a deposit for each container delivered and receives a refund for each container returned within 2 years after the delivery. Danbam accounts for any container not returned within 2 years as being retired by sale at the deposit amount. Information relating to customer deposits follows: Containers held by customers at December 31,2018 from deliveries in 2017 P 75,000 2018 215,000 Containers delivered in 2019 390,000 Containers returned in 2019 from deliveries in 2017 P 45,000 2018 125,000 2019 143,000Which of the following statement/s are incorrect? I. An enterprise should not recognize a contingent liability Il. The amount recognized as a provision should be the best estimate of the expenditure required to settle the present obligation at the end of the reporting period. Ill. A provision is a liability of certain timing and amount. IV. Accruals are liabilities to pay for goods or services that have been received or supplied but have not been paid. O l and IV only O Ill only I, II and IV O Il and IV only