What value of the warranty liability for the 2020 sales?

X NWP Assessm X NWP Assessm X NWP Assessm X Men's Our Bes X G cheap jordans assessment.education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=8891dad8-5c3f-48f4-94 Chapter 6 Question 10 of 10 -/1 Chris's Lawn Equipment sells high-quality lawn mowers and offers a 3-year warranty on all new lawn mowers sold. In 2020. Chris sold $307,300 of new specialty mowers for golf greens for which Chris's service department does not have the equipment to do the service. Chris has entered into an agreement with Mower Mavens to provide all warranty service on the special mowers sold in 2020. Chris wishes to measure the fair value of the agreement to determine the warranty liability for sales made in 2020. The controller for Chris's Lawn Equipment estimates the following expected warranty cash outflows associated with the mowers sold in 2020. Cash Flow Probability Year Estimate Assessment 2021 $2 550 20% 3,990 60% 5.430 20% 2022 $3,180 30% 5.440 50% 6.530 209% 2023 $3,750 30% 5.610 40% 6.980 30% Click here to view factor tables Using expected cash flow and present value techniques, determine the value of the warranty liability for the 2020 sales. Use an annual discount rate of 6%. Assume all cash flows occur at the end of the year. (Round factor values to 5 decimal places, eg. 1.25124 and final answer to O decimal places, e.g. 458,581) uto_D...xIsx 23=] CH13_Balance_She..xIs 3] CH13_Trial_Balance.xIsx CH_11_Profit_and_ here to search O