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Ayayai Corp. uses the revenue approach to account for warranties. During 2023 , the company sold $762000 worth of products, all of which carried a

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Ayayai Corp. uses the revenue approach to account for warranties. During 2023 , the company sold $762000 worth of products, all of which carried a two-year warranty (included in the price). It was estimated that 3% of the selling price represented the warranty portion, and that 45% of this related to 2023, and 55% to 2024. Assuming that Ayayai incurred costs of $5900 to service the warranties in 2024 , what is the net warranty revenue (revenue minus warranty costs) for 2024 ? $6673$5900$12573$16960

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