Benitez Company had sales of $320,000 in Year 1. The company expects to incur warranty expenses amounting to 4% of sales. There were 54.200 of warranty obligations paldin cash during Year 1. Based on this information: Multiple Choice All of these answer choices are correct The warranties payable account would increase by $8.600 in Year 1 Warranty expenses would decrease net earnings by $12.800 in Yeart Cish would decrease by 54.200 as a result of the accounting events associated with warranties in your