Determine the amount that the company received from customers to purchase deferred warranty plans during fiscal year 2023, and prepare the related journal entries to record the transactions that affected this account.

Modern Furniture Ltd. is local retailer of home furnishings. The company reported the following items in its statement of financial position dated March 31, 2023 (amounts in thousands): The company's annual report included the following information: Warranty revenues are deferred and taken into income on a straight-line basis over the life of the warranty period. Warranty revenues included in revenues for fiscal year 2023 are $9,818 compared to $9,450 in 2022