$DJN$ Machinery Corporation, a private company following ASPE sold manufacturing equipment for $$2,200$ each. Each machine carried with $it$ a two$-$year warranty against manufacturing defects. From experience, $DJN$ Machinery Corporation determined that each machine sold would average $$260in$ replacement parts. $In2023,$ the company sold $1,000$ machines. Also, $in2023,$ the company incurred $$125,000in$ total repair costs $(thecostof$ replacement parts from inventory$).DJN$ Machinery Corporation also sold $an$ extended warranty for its machines. For $$400,$ customers could purchase $an$ extended warranty that extended the warranty $on$ the machine for $an$ additional two years. $800of$ the customers that bought machines also purchased the extended warranty. Assume the revenue $is$ earned evenly over the two$-$year contract.