Reformulating Financial Statements for Warranty Expense Assumption that warranty experse is a constant percentage of revenue across all three years. Specificaly, compute the adjustments ta: watranty expense, income tax eypense and net income The comparys taxinte is 30 sh. Compute the average warranty copense to net sales rate over the past three years Round answer to two decamal placen (ex. 0.0235 -2.35s) Using your rounded anower, compiag the edjuared warrancy expence for eachyear. - Rognd anwwers to one gecinal place