Coronado Industries has recently reported steadily increasing income. The company reported income of 20,400 in 2019,25,500 in 2020 , and 30,600 in 2021 . A number of market analysts have recommended that investors buy Coronado shares because the analysts expect the steady growth in income to continue. Coronado is approaching the end of its fiscal year in 2022, and it again appears to be a good year. However, it has not yet recorded warranty expense. Based on prior experience, the 2022 warranty expense should be around 5,100, but some managers have approached the controller to suggest a larger, more conservative warranty expense should be recorded this year. Income before warranty expense is 43,200. Specifically, by recording a 6,700 warranty accrual this year, Coronado could report an increase in income for this year and still be in a position to cover its warranty costs in future years. (c) Assume income before warranty expense is 43,200 for both 2022 and 2023 and that total warranty expense over the 2 -year period is 10,200. What is the appropriate accounting in this situation