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Could I get part 2? At the beginning of 2024 , Scarlet Industries began providing a three-year warranty on its products. I warranty program was

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At the beginning of 2024 , Scarlet Industries began providing a three-year warranty on its products. I warranty program was expected to cost Scarlet 2% of net sales, approximately equally over the three-ye warranty period. Net sales made under warranty in 2024 were \$270 million. Thirteen percent of the uni sold were returned in 2024 and repaired or replaced at a cost of $2 million. This amount was debited warranty expense as incurred. 1. Prepare the appropriate adjusting entry to adjust warranty expense on December 31,2024 . Pleas show your work. 2. How much of the liability is a current liability and how much is a non-current liability? Eartha tanolhar nroce A1T+F1 (DC) rALT+FN+F10 (Mac)

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