Marigold Inc. has recently reported steadily increasing income. The company reported income of $ 19,070 in 2017, $ 24,230 in 2018, and $ 32,070 in 2019. A number of market analysts have recommended that investors buy the stock because they expect the steady growth in income to continue. Marigold is approaching the end of its fiscal year in 2020, and it again appears to be a good year. However, it has not yet recorded warranty expense. Based on prior experience, this years warranty expense should be around $ 5,120, 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 $ 43,570. Specifically, by recording a $ 6,640 warranty accrual this year, Marigold could report an increase in income for this year and still be in a position to cover its warranty costs in future years. (c) What is the appropriate accounting in this situation? Appropriate Accounting 2020 2021 Income before warranty expense $ $ Warranty expense Income $ $