PROBLEM 5 (9 MARKS) Preblea 9-Part 17 marks: Zenco Copp, starts eperations on Jan 1. 3020. Zrekio's cloctrueic products tave a manufacture's basic watranty of I year. Teral peice of the electrenic isems wold in 2030 was 53004 , and warnaty eqpendiure to cover bocik warranty is estimated so be 1% of thin sales figure. Coverage pericd of abliticoal wantany service is years 2022 and 2023 . All wantiaty expenditures (wepair works) ase paid in cash. Foe convenience, Zonso prepares warranty relaed journal entries an the cad of each fiscal year. Zoece had the followisg warranty expenditeres in dee years 2020, 3021, 2022, and 2026: 2300. Dal not have to perform any repair work related bo the dectenics wold in 3020 , 2021: Spent \$2. XM for repair work (tonks wamanty) related to the electronies nold in 2030 , 232: Spent 50. IM in repair werk (additional wartaty senice) related to the clectsonic atems nold is 2000. 2023: Spent 10kM in repair werk (additional warnety service) relatod to the electronic items wild ia 2030. the years 3020,2021,2022, and 2023 fer the electroeic prodacts wold in 2020 (Hint: fomender ow pood odd matring miniphed. If no journal entry is requirod, then wrise "No Entry." Page 12 of 13 Problem 9-Part B: [2 Marks] In 2022, Jonny Depp Corp, yees Amber Heard Corp. for defamation, If Jontry wins the case, the estimuted ambent Amber will pay Jonny is 5S0M. Now fill in the hlanks for the following tetements, Just write Jonny will recognize a cuntingent if the poobahiliny of winning the lausuit Z 7.. Amber, will recognize a contingent If the protutility of knite the lawsuit 2 PROBLEM 5 (9 MARKS) Preblea 9-Part 17 marks: Zenco Copp, starts eperations on Jan 1. 3020. Zrekio's cloctrueic products tave a manufacture's basic watranty of I year. Teral peice of the electrenic isems wold in 2030 was 53004 , and warnaty eqpendiure to cover bocik warranty is estimated so be 1% of thin sales figure. Coverage pericd of abliticoal wantany service is years 2022 and 2023 . All wantiaty expenditures (wepair works) ase paid in cash. Foe convenience, Zonso prepares warranty relaed journal entries an the cad of each fiscal year. Zoece had the followisg warranty expenditeres in dee years 2020, 3021, 2022, and 2026: 2300. Dal not have to perform any repair work related bo the dectenics wold in 3020 , 2021: Spent \$2. XM for repair work (tonks wamanty) related to the electronies nold in 2030 , 232: Spent 50. IM in repair werk (additional wartaty senice) related to the clectsonic atems nold is 2000. 2023: Spent 10kM in repair werk (additional warnety service) relatod to the electronic items wild ia 2030. the years 3020,2021,2022, and 2023 fer the electroeic prodacts wold in 2020 (Hint: fomender ow pood odd matring miniphed. If no journal entry is requirod, then wrise "No Entry." Page 12 of 13 Problem 9-Part B: [2 Marks] In 2022, Jonny Depp Corp, yees Amber Heard Corp. for defamation, If Jontry wins the case, the estimuted ambent Amber will pay Jonny is 5S0M. Now fill in the hlanks for the following tetements, Just write Jonny will recognize a cuntingent if the poobahiliny of winning the lausuit Z 7.. Amber, will recognize a contingent If the protutility of knite the lawsuit 2