Reformulating Financial Statements For Warranty Expense Over the past four years, Hashwari Corporation reported sales revenue and warranty expense as follows. 2014 2015 2016 2017 Sales revenue $5,000,000 $5,200,000 $5,382,000 $5,704,920 Warranty expense 105,200 104,100 118,500 108,400 We wish to reformulate the income statement to reflect a constant proportion of warranty expense to sales over the four-year period. What is our warranty expense adjustment for each year? Compute the average warranty expense to sales rate for the past four years Round your answer to two decimal places (ex: 0.02345-2.35%). Using your rounded answer, compute the adjusted warranty expense for each year. . Round answers to the nearest whole number. . Use a negative sign to indicate if the adjustment decreases an account balance. 2014 2015 2016 2017 Adjusted expense $102,457$106,556 X $110,436X$ 117,062X Adjustment required Check