Giordano Corp. sold machinery for $2,000,000 and it was delivered in November 2020. On November 20, the customer informed Giordano Corp. that they were satisfied with the machinery. Giordano Corp. provided a warranty on the machinery for two years from November 20, 2020. The initial estimated warranty cost to Giordano Corp was estimated at $200,000. The stand-alone value of the warranty is $150,000 and of the machinery is $1,900,000. The machinery can be purchased without a warranty by the customer. What would be the amount of unearned revenue on November 20 recorded by Giordano Corp.? (Round percentages to whole numbers). Show your work.

a) Between $1,800,000-$1,900,000

b) Between $150,000-$160,000

c) None of the choices

d) Between $140,000 - $147,000

e) Between $1,900,000-$2,000,000