Please reveiw the question below and provide step by step explanations and answers.

CengageNOWv2 1 C x Course Hero x I Assignments: Manag x I M Midterm Paper TopL x I Managerial Account x I + C v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Q Login CANVAS Dashboard M Inbox (30) - info@i... https://mww.chegg.... e McGraw Hill e Bannerweb Apps Council Post: The R... IL EX08-06A 2. EX08-03Ago 3. EX08-04Ago 5. EX08-01Ago 6. EX_08-07Ago T EX08-10Ago 8. EX08-05Ago 9. EX08-13Ago 10. EX08-17_A1go p Type here to search Accrued Product Warranty Back in Time Inc. warrants its products for one year. The estimated product warranty is 6% of sales. Assume that sales were $957,500 for March. In April, a customer received warranty repairs requiring $48,833 of parts. a. Determine the warranty liability at March 31, the end of the first month of the current fiscal year. Round your answer to the nearest dollar. b. What accounts are decreased for the warranty work provided in April? Activate Windows Go to Settings to activate Wind 824 PM 9/22/2020