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c. Winston Inc. sued a competitor for patent infringement but the trial is still in...

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c. Winston Inc. sued a competitor for patent infringement but the trial is still in progress at year end. Winston's lawyer considers it probable Winston will win and be awarded a judgment between $3,000,000 and $4,600,000. d. Morgan Inc. sells a product with a three-year warranty. Based on past experience, Morgan estimates warranty costs as follows: First Year 196 Second Year 290 Third Year 4% g 2017 sales of this product were $10,000,000. This is an improvement on 2016 when sales were $5,000,000 and 2015 when sales were $4,000,000. c. Winston Inc. sued a competitor for patent infringement but the trial is still in progress at year end. Winston's lawyer considers it probable Winston will win and be awarded a judgment between $3,000,000 and $4,600,000. d. Morgan Inc. sells a product with a three-year warranty. Based on past experience, Morgan estimates warranty costs as follows: First Year 196 Second Year 290 Third Year 4% g 2017 sales of this product were $10,000,000. This is an improvement on 2016 when sales were $5,000,000 and 2015 when sales were $4,000,000

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