Color the World Co$.,$ with a December $31$ year end date, started to sell high definition televisions for $$2,000$ each on Jar parts and labor. In addition the customers can purchase an extended warranty for additional two years for $$100$ to cov. Warranty revenue is recognized evenly over the warranty time period. The Company follows ASPE.

$18.$ Each television includes one year warranty cover pairs needed after the original one year warranty expir

The company estimates that repair cost will be $$70$ for each television and $5\%$ of TVs sold will need to be repaired w cost is provided in the table below.

$1$ year of sale. The company's sales, repair data and actu:

Please look at the requirements to answer this question below.

Warranty Cost and Repair Information for three years

$\backslash$table$[[$Year$,\backslash$table$[[$Number of$],[$TV Sold$]],\backslash$table$[[$Number of$],[$Extended$],[$Warranty$],[$Sold$]],\backslash$table$[[$Actual$],[$Number of$],[$TV Repaired$]],\backslash$table$[[$Actual Reapir$],[$Cost for the$],[$Year $($$$)]]],[2018,1,500,450,200,18,500],[2019,1,250,320,250,23,500],[2020,1,800,400,300,25,200]]$

Warranty Estimate It is estimated that $5\%$ TVs will require warranty within $1$ year of sales.