Ford Motor Company is one of the world's largest companies, with annual sales of cars and trucks in excess of $155 billion. A recent annual report for Ford contained the following note: Warranties We accrue obligations for warranty costs at the time of sale using a patterned estimation model that includes historical information regarding the nature, frequency, and average cost of claims for each vehicle line by model year. Required: 1. Assume that this year Ford paid cash to service warranty claims in the amount of $4.0 billion. Ford also accrued expenses for warranties in the amount of $3.9 billion. If Ford had a balance in its accrued warranties account of $1.0 billion to start the year, what is the balance at the end of the year? Beyond Meats is a plants-based food company. The company reported the following in a recent annual report: Revenue Recognition Revenue is recognized at the point in which the performance obligation under the terms of a contract with the customer have been satisfied and control has transferred. 2. Assume that Beyond Meats collected $23 million in December for sales that will be completed in January, the first month of the company's next fiscal year. What is the amount of unearned revenue that should be reported on this year's balance sheet and next year's balance sheet associated with the $23 million? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Assume that this year Ford paid cash to service warranty claims in the amount of $4.0 billion. Ford also accrued expenses for warranties in the amount of $3.9 billion. If Ford had a balance in its accrued warranties account of $1.0 billion to start the year, what is the balance at the end of the year? Note: Enter your answer in billions, rounded to 1 decimal place (i.e., 1,200,000,000 should be entered as 1.2 ). Complete this question by entering your answers in the tabs below. Assume that Beyond Meats collected $23 million in December for sales that will be completed in January, the first month of the company's next fiscal year. What is the amount of unearned revenue that should be reported on this year's balance sheet and next year's balance sheet associated with the $23 million? Note: Enter your answers in millions (i.e. 5,000,000 should be entered as 5)