Exercise 13.20 Pina Colada Corporation manufactures a line of amplifiers that carry a three-year warranty against defects. Based on experience the imated warranty cebu first year after sale-2% of sales: second year after sale-3% of sales and third year after sales of sales Sales and actual warranty expenditures for the first resun Warranty Sales Expenditures 2016 $770,000 $16,100 2019 1,120,000 2020 1,054,000 85,500 46,400 Calculate the amount that Pina Coldia Ltd. should report #4 warranty experie on its 2020 income statement and as a warranty aby on December 31, 2020 warranty (expense-based approach). Assume that all sales are made evenly throughout each year and that warranty expenditures are some spaced scooter Warranty expense $ Warranty liability LINK TO TEXT LINE TO TOWY Question Attempt of