THAT IS THE CORRECT ANSWER. and that is their explaination. I just need to know how to get to that answer. please help me. this is for year two. if you want to just throw that stuff in excel with the formulas or sowmthing even that would be super helpful.

Jeep dealership reported the following information. The jeeps have a standard 2 year warranty, and the company offers an extended warranty. Everyone bought the extended warranty at the time of sale. Estimated costs for warranty Actual cost of warranty work performed Assuming no taxes, what is the net income or (loss), revenues less expenses, recognized in 202 from this sale? Fill in the blank Explanation