4.On September 1, Carolina Electronics Company has 1,000 Blu-ray players ready for sale. On October 1, 900 are sold at $125 each with a 1-year warranty. Carolina estimates that the warranty cost on each Blu-ray player sold will probably average $10 per unit. During the final 3 months of the year, Carolina incurred warranty costs of $4,000 and in the next year warranty costs were $5,000. Prepare the journal entries for the preceding transactions. Show how the preceding items would be reported on the December 31 balance sheet.

The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east west sales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 ) the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss)