Jeep dealership reported the following information. The jeeps have a standard year warranty, and the company offers an extended warranty. Jeep sales were all in Year X Standard Warranty covers X and X; Extended Warranty covers X and X Everyone bought the extended warranty at the time of sale.
Sales price
Cost of goods sold
Extended warranty sales price
Estimated costs for warranty
Standard warranty
Extended warranty
Actual cost of warranty work performed
Warranty cost in X
Warranty cost in X
Warranty cost in X
Warranty cost in X
Assuming no taxes, what is the net income or loss revenues less expenses, recognized in X from this sale?
