Benitez Company had sales of $340,000 in Year 1 The company expects to incur warranty expenses amounting to of sales. There were $4,500 of warranty obligations paid in cash during Year 1. Based on this information Multiple Choice Warranty expenses would decrease net earings by $10.200 in Yen 1, Cash would decrease by $4,500 as a result of the accounting events associated with warranties in Year 1. The warranties payable account would increase by $5.700 in Year 1. All of these answer choices are correct