Question: Current Attempt in Progress On October 1, 2024, Splish Brothers Company sells 5800 microwaves at an average price of $580. The product includes a

Current Attempt in Progress On October 1, 2024, Splish Brothers Company sells 5800 microwaves at an average price of $580. The product includes a one-year warranty on parts. Based on past experience, it is expected that 2% will be defective, and that warranty repair costs will average $136 per unit. In 2024, warranty contracts were honoured on 56 units at a total cost of $7616. What is the remaining balance in the Warranty Liability account at the end of 2024? O $8160 $6456 O $7616 O $15776 Attempts: 0 of 1 used Submit Answer

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