Prist Company had not provided a warranty on its products, but competitive pressures forced management to add this feature at the beginning of 2022. Based on an analysis of customer complaints made over the past two years, the cost of a warranty program was estimated at 0.4% of sales. During 2022, sales totaled $4,262,000 Actual costs of servicing products under warranty totaled $22,700. Exercise 7-12 (Algo) Part a Horizontal Model Required: a-1. Use the horizontal model to show the effect of having the warranty program during 2022. Indicate the financial statement effect Note: Enter decreases with a minus sign to indicate a negative financial statement effect. Assots Balance Sheet Liabilities Stockholders Equity Net income Re