Ivanhoe Inc. began selling game consoles on November 1, 2024The company offers a 60-day warranty for defective merchandise Based on past experience with other products, Ivanhoe estimates that 2.90 % of the units sold will become defective in the warranty period, and that the average cost of replacing or repairing a defective unit is $23In November, Ivanhoe sold 34,000 units and 530 defective units were returned. In December Ivanhoe sold 40,000 units and 710 defective units were returned. The actual cost of replacing the defective units was $22.81 ( c) What amounts will be included in Ivanhoe's 2024 income statement and balance sheet at December 31, 2024, with regard to the warranty? IVANHOE COMPANY Income Statement (Partial) IVANHOE COMPANY Balance Sheet (Partial)