Help SPN Yahool gold-soul.la women's swi....shophearts Cloud Job Description Bing Yahoo Google Wikipedia Chapter 13 Homework 3) Jws Earn Ch mework Saved Exercise 13-16 Extended warranties [LO13-5, 13-6 Carnes Electronics sells consumer electronics that carry a 90-day manufacturer's warranty. At the time of purchase, customers are offered the opportunity to also buy a two-year extended warranty for an additional charge. During the year, Carnes received $428.0 for these extended warranties (approximately evenly throughout the year). Required 1-a. Does this situation represent a loss contingency? 1.b. How should it be accounted for? 2. Prepare journal entries that summarize sales of the extended warranties (assume all credit sales) and any aspects of the warranty that should be recorded during the year Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2 Does this situation represent a loss contingency? contngency Req 18 3