Question 21 (2 points) Listen A company estimates that warranty expense will be 4% of sales. The company's sales for the current period is $185,000. The current period's warranty expense is: A) $7,400. B) $4,700. C) $74,000. D) $47,000. E) $74. Question 22 (2 points) Listen Obligations not expected to be paid within the longer of one year or the company's operating cycle are reported as: A) Current assets. B) Current liabilities. C) Long-term liabilities. D) Long-term assets. E) Operating cycle liabilities