Bridgeport Company sells hot tubs at in averape price of 52.100 and who offers to each cuntomer a separate 5 vear warranty contract sold 590 bot tubs and 470 warranty contracts for canh it estieutes the 5 rear warranty costs as 549 for parts and $98 for labor and accounts for warranties separately. Aswume sales occurred on Deceober 31, 2025, and strachit-line recocrution of warranty reverues occurn. (a) crevitentries. eTextbook and Media Uist of Accounts Attempts: 1 of 3 used (b) What liability relative to these trancuctions would appear on the December 31, 2025, balance sheet and how would it be classifed