WINTON Incorporated had a balance of $88,000 in its quality-…

WINTON Incorporated had a balance of $88,000 in its quality-assurance warranty liability account as of December 31, 2023. In 2024, WINTON’s warranty expenditures paid were $453,000. Its warranty expense is calculated as 1% of sales. Sales in 2024 were $40.8 million. What was the balance in the warranty liability account as of December 31, 2024?

PANTHER LLP started the year with a cash balance of $1,255,0…

PANTHER LLP started the year with a cash balance of $1,255,000. During the year, it reported the following: – $3,690,000  Cash flow provided by Operating activities – $710,000     Cash flow provided by Investing activities – $155,000     Cash flow used for Financing activities   What was the ending cash balance?