Earnest hackles makes specialized door mats. Each mat includes a one-year warranty against manufacturing defects. Based on 3 years worth of data, the company estimates that 3% of the yoga mats sold will be returned because of a defect. When this occurs the company replaces the mat. Each mat costs $20 to produce. In 2019, the company sold 25,000 mats. a) Explain why and how should Yogatime record the expected return of mats. (2 marks) b) Actual claims in 2019 amounted to 2% of sales. What is the liability if any on the statement of financial position at the end of 2019. (2 marks) c) If the company offered additional 2 year warranty at the time of sale explain the type of warranty and how will it be accounted for. (2 marks)