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Vintage Car Warranties Inc. offers warranties on recently restored classic cars. At the end of 2020, Vintage Car Warranties Inc. had deferred warranty revenue of

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Vintage Car Warranties Inc. offers warranties on recently restored classic cars. At the end of 2020, Vintage Car Warranties Inc. had deferred warranty revenue of $ 74000. During 2021, Vintage Car Warranties Inc. signed new warranty contracts for $ 56000. At the end of 2021, Vintage Car Warranties Inc. had deferred warranty revenue of $ 34000. How much revenue would Vintage Car Warranties Inc. recognize from its warranty contracts during 2021? Your

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