The Richards Company paid for a five-year extended warranty on all of their equipment on March 1, 2019 costing $540,000 that went into effect immediately. The fiscal year is the calendar year. Indicate the correct amount that should be expensed each year and what the title and final figure that should be reported on the balance sheet at the end of 2020. This expenditure for an extended warranty is clearly a prepaid expense. Calculate and post the correct figures in the two tables below. On Income Statements 2019 2020 Warranty Expense Reported on 12/31/2020 Balance Sheet (for this extended warranty) Title of Account $ Amount

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Healthcare Organization

Healthcare organizations are entities that provide healthcare services such as primary care, surgery, diagnosis of diseases, and medical treatment to patients who are in need. Healthcare organizations or health systems provide healthcare benefits to people through clinics, hospitals, teaching and training institutions, and research institutions. The fundamental purpose of healthcare organizations is to offer healthcare services at a lower cost to meet the health needs of the people.