(4 points) 8. Determine the amount of interest expense for the first year wo1. a) $444 b) $2,664 c) $222 You MUST show your calculations: (4 points) 9. Determine the amount of interest expense for the second year 2012. b) $1,332 c) $444 a) $888 You MUST show your calculations: MAM company begun operations in xox1.Its sales were $150,000 in year wo1, and $175,000 in year x2. The company prepared estimates assuming the 5% of sales will be the warranty costs for one-year. (4 points) 10. Determine the warranty expense on December 31, 201 in the Income Statement. a) $16,250 b) $7,500 c) $8,750 You MUST show your calculations: (4 points) 11. Determine the warranty expense on December 31, x2 in the Income Statement. a) $16,250 b) $7,500 c) $8,750 YOU MUST show your calculations