Recording and Reporting Warrantles

During Year $1,$ Ward Compary Introduced a now product carging a three year warrany against defects which has a separate purchase frece the corrpany collected $$28,000$ and $$49,000$ for this separste warranty in Year $1$ and Year $2,$ recpectively, The corfoany uses straightine recognition of warrangy revenue. For simplification, assume that sales occumed at the first of the year. Sales and actual warranty experditures for the years ended December $31$ Year $1$ and Year $2$ follow:

$\backslash$table$[[,$Snilys,$\backslash$table$[[$Adtual waranty$],[$topestudituases$]]],[$Fear $1,$SE$40000,$$$12,606$