Question 24 4 pts You are given the following information for Grand Theft Auto Ltd on warranty claims for the year ended 30 June 2020. The Provision for Warranty at the beginning of the year was $25,000 and at the end of the year was $17,000. The Warranty expense during the year was recorded in the Income Statement as $9,000. Required: 1. Calculate the amount spent on meeting customers' warranty claims for the year. 2. Provide two possible reasons why the end of year provision is less than the beginning of the year. 3. Explain why the warranty expense is different from the amount spent on meeting customers' warranty claims. (1+2+1 = 4 marks)