Alpine Sports sells an extended warranty to go along with their skis and snowboarding equipment. For the month of November their sales were $57,000 of which $5,000 was for their extended warranty. How would the sales and warranty revenue be recognized? They would recognize $57,000 as sales revenue, and then set up a Warranty Liability account for the estimated costs of honouring the warranty. O They would recognize $57,000 as sales revenue, and then record a Warranty Expense for the estimated costs of honouring the warranty. O They would recognize $52,000 in sales revenue, and set up an unearned warranty revenue account for $5,000. O They would recognize $52,000 in sales revenue and $5,000 in warranty revenue