35 Benitez Co. had sales of $300.000 in Year 1. The company expects to incur warranty expenses amounting to 3% of sales. There were $3.900 of warranty obligations paid in cash during Year 1. Based on this information: 01:02:40 Multiple Choice Warranty expenses would decrease net earnings by $9,000 in Year 1. All of these answer choices are correct. The warranties payable account would increase by $5.100 in Year 1. Cash would decrease by $3,900 as a result of the accounting events associated with warranties in Year 1