(TCO D) Warranty4U provides extended service contracts on electronic equipment s

(TCO D) Warranty4U provides extended service contracts on electronic equipment sold through major retailers. The standard contract is for three years. During the current year Warranty4U provided 21000 such warranty contracts at an average price of $81 each. Related to these contracts the company spent $200000 servicing the contracts during the current year and expects to spend $1050000 more in the future. What is the net profit that the company will recognize in the current year related to these contracts? (Points : 4)$451000. $1501000. $150333. $367000