Bucation.com/ext/map/index.html?_conucon&external_browser=0&launch Urlahttps%253A%252F%252Flms.mheducation.com%252Fmghmiddlewar. Netflix - Watch TV... X Watch TV Online My Doctor Visitor e600 Visa AMC LOOws Alder. 4 Defensive Delving. Akachen, Laundry 20 pts. Due: July 31 Hoved Help Save & Exit 50 A company sold $12,000 worth of bicycles with an extended warranty. The company's experience is that warranty expense averages 2% of sales. The company should Multiple Choice Consider the warranty expense a remote sability since the rate is only 2% Recognize warranty expense at the time the warranty work is performed Recognize warranty expense and liability in the year of the sale. Consider the warranty expense a contingent liability Recognize warranty liability when the company purchases the bicycles