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* Your answer is incorrect. Sunland Company offers a five-year warranty on its products. Sunland previously estimated warranty costs to be 3% of sales

* Your answer is incorrect. Sunland Company offers a five-year warranty on its products. Sunland previously estimated warranty costs to be 3% of sales but in 2025 revised this estimate to 1% due to process and quality control improvements. Sunland reported warranty costs of $77400 on $2580000 in 2023 and $92400 on $3080000 in 2024. Sales revenue for 2025 was $5160000. What is the adjustment to Retained Earnings in 2025 (ignore income tax considerations)? $62400 O $0 $51600 O $114000

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