I need help for the ones i got incorrect

products but has focused on providing information technology services in recent years. IBM provides standard warranties and extended warranties with the sale of its products. The company's note on significant accounting policies is as follows: The company offers warranties for its hardwate products that generally range up to three years, with the majority being either one or three years, Any cost of standard warranties is accrued when the corresponding revenue is recognized. The company estimates its standard warranty casts for products based on historical wartanty claim experience and estimates of future spending and applies this estimate to the reveriue stream for products under warfanty. Estimated future costs for warranties applicable to revenue recognized in the current period ate charged to cost of sales. The warranty llability is reviewed quarterly to verify that it properly reflects the remaining obligation based on the anticipated expenditures over the batance of the obligation period. Adjustments are made when actual warranty claim experience differs from estimates, Costs from fixed.price support or maintenance contracts, including extended warranty contracts, are recognized as incurred. Revenise from extended watranty contracts is initially recorded as deferred income and subsequently recognized on a straight line basis over the delivery period because the company is providing a service of standing ready to provide services over such term. Selected intormation related to warrantles provided by laM follows in milfons of US. doltars): 1. Compute the amount of warranty expense for 2020 and 2021 (Enter your answers in millions of dollars.) 2. Prepare journal entries to record both the warranty expense for 2021 and the payments made under the warranty during the year, (If no entry is required for a tronsaction/event, select "No journal entry required" in the first account field. Enter your onswers in miltions of dollars.) 3.a. Compute the ratio of the warranty expense to net revenues for the three years. The Standard warranty liability had a balance of $121 at the beginning of 2019 . (Round percentage answers to 2 decimal places (i.e., 0.1243 should be entered as 12.43). Answer is complete but not entirely correct. 3.b. Has the ratio increased or decreased during the three-ycar period? 4. Based on the limited information avallable about the warranty expense and settlements during these three years, should IBM reduce the ratio of the warranty expense to net sales in future years? Yes No 5-a. Compute the extended warranty revenue recognized during 2020 and 2021. (Enter your answers in milions of dollors.) Answer is complete but not entirely correct