urgent please

Under IFRS, a contingent liability is recorded if Select one O a the amount of the loss can be reasonably estimated and it is likely that a loss has been incurred. ob an asset has been permanently reduced in value. c it is certain that cash is available to pay for any losses. Od the amount of the loss can be reasonably estimated and it is probable that a loss has been incurred. Q8 Tue 116.20 Kitchen Costarting to sell blenders in 2021. The cost to make each blenderis 5100 and the selling price is $250. All blenders come with a three-year warranty, Customers are given new blenders for any defective blenders. It is estimated that 10% of the blenders sold will need to be replaced within the warranty period. Data for 2021 and 2022 follows: doute 2.00 tas Questo 2021 Units sold 1.000 Number of defective blenders 40 2022 1,000 50 The company recorded warranty expense based on the repairs made 2021 Warranty expense 40 x 51001 4.000 Warranty liability 4.000 2022 Warranty expense (50 x 5100) 5.000 Warranty liability 5.000 Errors for both years were corrected by the auditor on December 31, 2022 150 X 100) Warranty liability 5.000 5.000 Tume ben 1606 Errors for both years were corrected by the auditor on December 31, 2022. What is the necessary correcting entry needed on December 31, 2022 to correct the original errors made in 2021 and 2022? Select one: O a DR Warranty expense 5,000 / DR Retained earnings 6.000 / CR Warranty liability 11,000 Ob DR Warranty expense 10,000/ CR Warranty liability 10,000 Oc DR Warranty expense 5.000 / CR Warranty liability 5.000 Od DR Warranty expense 11.000 / CR Retained earnings 6.000 / CR. Warranty liability 5.000 Finish attempt