Benitez Co. had sales of $260,000 in Year 1. The company expects to Incur warranty expenses amounting to 3% of sales. There were $3,300 of warranty obligations paid in cash during Year 1. Based on this information: Multiple Choice O Warranty expenses would decrease net earnings by 57.800 in Yeart The warranties payable account would increase by $4,500 in Year 1 C Cash would decrease by $3.300 as a result of the accounting events associated with warranties in your