Describe below are six independent and unrelated sityations involving accounting changes. Each change occurs during 2024 before any adjusting entries or closing entries were perepared. assume the tax rate for each company is 25% in all years. any tax effects should be adjusted throught the deferred tax liability account. a. Flemming Home products introduced a new line of commercial awnings in 2023 that carry a one year warranty against manufacture's defects. Based on industry experiences, warranty costs were expected to approximate 4% of sales. Sales of the awnings in 2023 were 4,000,000. accordinly, warranty expense and a warranty liability of 160,000 were recorded in 2023. in late 2024 the company claims experiences was evaluated, and it was determined that claims were far fewer than expected: 3% of sales rather than 4% sales of the Awnings in 2024 were 4,500,000, and warranty expenditure in 2024 totaled 102,375. b. On December 30, 2020 Rival industries acquired its office building at a cost of 1,100,000 it was depreciated on a straight line basis assuming a useful life of 40 years and no salvage value. However, plans were finalized in 2024 to relocated the company headquarters at the end of 2028. the vacated office building will have a salvage value at that time of 750,000. C. Hobbs barto Merchandising, Incorporated, changed inventory cost methods to Lifo from FIFO at the end of 2024