Mailings Review View Help v Home Insert Draw Design Layout References Helvetica 12 A A B I Ua X, x po Paragraph Styles * ADA Aa A A A ste . Editing Dictate Sensitivity Editor board Font Voice Sensitivity Editor 1. 2 5 8 9 21. Problem 1- Warranty Arrangement (13 points) On December 31, 2020, Dieker Company sells equipment to Tabor Inc. for $75,000. Dieker includes a 1-year assurance warranty service with the sale of all its equipment. Additionally, Dieker sold an optional extended warranty (service-type warranty) for an additional 2 years (2022 2023) for $5,000. The customer receives and pays for the equipment with cash on December 31, 2020. The cost of the equipment to Dieker was $50,000. Dieker estimates the cost of the assurance warranty will be $2,500 and the cost of the service warranty will be $3,000 NUMBER 21 a) Does Dieker have one or multiple performance obligations? If multiple, name each performance obligation and describe why each is separate. For any combined items, explain why they are not separate (b) Prepare the journal entry to record this transaction on December 31, 2020 (clearly label debits (Dr.) and credits (Cr.)) c) (c) Prepare the journal entry to be recorded on December 31, 2022 assuming the warranty costs are incurred evenly over the applicable years. (clearly label debits (Dr.) and credits (Cr.)