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Question 1 Anna Inc. offers extended warranty for its products that cover 2 to 3 years after the sale. In 2020, total extended warranty sales amounted to $570,000 paid for in cash. The actual costs related to extended warranties in 2020 were $250,000. The unearned warranty revenues had a beginning balance of $150,000. Anna estimates that 57% of the total unearned warranty will be earned by the end of 2020. Required- Record all the journal entries related to the extended warranties in 2020