Pharoah provides extended service contracts $on$ electronic equipment sold through major retailers. The standard contract $is$ for four

years. During the current year, Pharoah provided $42100$ such warranty contracts $atan$ average price $of$ $$164$ each. The company spent

$$809000$ servicing the contracts during the current year and expects $to$ spend $$4240000$ more $in$ the future. What $is$ the net profit

that the company will recognize $in$ the current year related $to$ these contracts?

$$917100$

$$6095400$

$$1836000$

$$809000$