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Show : 1)liability type 2)liability amount 3)warranty expense 4)warranty revenue 5) profit for...

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Question

Accounting

Show :
1)liability type
2)liability amount
3)warranty expense
4)warranty revenue
5) profit
for each year + Show calculations
image
Use the following information to answer the questions: 1. ALFA company for Home electronics appliances sold 3570 units of Microwave at $300 each. The company provides a free 2-year warranty (2020,2021) for all products sold. The company estimates that the warranty cost is $45 per unit sold. 2. In addition ALFA company sold 400 service warranties for extending warranty 2 years (starting from Year 2022 for $60 each. 3. The actual warranty cost incurred during warranty coverage period, were: 2020:$24,000 2021: $135,000 2022: $28,000 2023: $10,000 F. Find the followind with ralrsilatinne

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