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22. Electronics4U manufactures high-end whole home electronic systems. The company provides a one-year warranty for all products sold. The company estimates that warranty costs
22. Electronics4U manufactures high-end whole home electronic systems. The company provides a one-year warranty for all products sold. The company estimates that warranty costs is 200 per unit sold and reported a liability for estimated warranty costs of 6.5 million at the beginning of this year. If during the current year, the company sold 50,000 units for a total of 243 million and paid a warranty claim of 7,500,000 on current and prior year sales, what amount of liability would be the company report its statement of financial on current and prior sales, what amount of liability would be company report on its statements of financial position at the of the current year? Select on ore more: a) 3,500,000 I b) 9,000,000 c) 2,500,000 d) 10,000,000
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