Company A began business on January 1st 2020 They sell homes and each home comes with a 5-year warranty Company A sells the pineapple homes for $100,000 each and estimates warranty costs as 2% of the selling price Information for 2020 and 2021 are as follows: 2020: Sales $2,000,000 2021: sales $3,000,000 I amounts spend on warranty repairs: 2020: $11,000 amounts spend on warranty repairs: 2021: $18,000 REQUIRED: On 2020 Financial Statements what does Company A Show as: A) WARRANTY EXPENSE B) WARRANTY LIABILITY On 2021 financial statements what does Company A Show as: A) WARRANTY EXPENSE B) WARRANTY LIABILITY