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Question 32 3 pts On July 1, 2020, Cookie Monster Enterprises sold 200 waffle makers to Guy Smiley Inc. for $160 cash each. (Ignore COGS

Question 32 3 pts On July 1, 2020, Cookie Monster Enterprises sold 200 waffle makers to Guy Smiley Inc. for $160 cash each. (Ignore COGS here.) Guy Smiley also purchased a 1-year warranty for $35 cash per waffle maker. Cookie Monster estimates that warranty costs will be 15% of waffle maker sales. Cookie Monster incurred $1,200 in repair costs for warranty claims in 2020 and $3,200 in 2021. A. How much revenue does Cookie Monster recognize for the warranty in 2020? B. How much warranty expense does Cookie Monster recognize in 2020

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