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Kohl Co. provides warranties for many of its products. The January 1, 2019, balance of the Estimated Warranty Liability account was $33,602. Based on
Kohl Co. provides warranties for many of its products. The January 1, 2019, balance of the Estimated Warranty Liability account was $33,602. Based on an analysis of warranty claims during the past several years, this year's warranty provision was established at 0.79% of sales. During 2019, the actual cost of servicing products under warranty was $38,353, and sales were $3,840,900. Required: a. What amount of Warranty Expense will appear on Kohl Co.'s income statement for the year ended December 31, 2019? x X Warranty Expense = Warranty Expense % =
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