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Please help me , I have only 15 minutes, please answer very fast please Please help QUESTION TWO Oman Company provides the two types of

Please help me , I have only 15 minutes, please answer very fast please
Please help
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QUESTION TWO Oman Company provides the two types of warranties for its products. In January 19 POINTS) 2019 the company sold 300 units for $3.000 each including 2 years assurance-type warranty, and it estimates that the warranty cost related to the assurance-type Warranty will average $200 per unit. The company sold also 120 contracts related to the service-type warranty for 2 more years covering the years 2021 and 2022. for S100 each. In 2019 the company spent $25,000 servicing the 2-year assurance-type warranties. Instructions Prepare the journal entries that should Oman Company prepared in 2019 and 2021, if the company uses the straight-line method for recognizing the revenue related to the service-type warranty Jan. 1, 2019 Jan.1 - Dec. 31 2019 Dec. 31, 2021 Page 3

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