During 2019, Thomas Manufacturing Company sells machines which a 5-year warranty for defects. Estimates indicate that total repair costs will average 4% of the total selling price. The estimated warranty liability was $42,000 at the beginning of 2019, and $47,000 at the end of 2019. Also, $11,000 in claims was actually incurred during the year to honor their warranty. What was the sales revenue for the year 2019

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $360,000; cash paid for rent, $44,000; cash paid to employees for services rendered during the year, $124,000; cash paid for utilities, $54,000.in addition, you determine that customers owed the company $64,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,400 at year-end, and the rent payment was for a two-year period.calculate accrual net income for the year.