Reformulating Financial Statements For Warranty Expense three years. Specifically, compute the adjustments to: warranty expense, income tax expense, and net income. The company's tax rate is $30\%.$

$\backslash$table$[[12$ Months Ended $($s millions$),$Dec $31,2016$ Dec. $31,2015$ Dec. $31,2014,,],[$Ner sales,$$23,928,$$$24,101,523,082],[$Warranty expense,$366,610,372]]$

Compute the average warranty expense to net sales rate over the past three years.

Round answer to two decimal places $($ex $0\mathrm{.}02345=2\mathrm{.}35\%)$

Using your rounded answer, compute the adjusted warranty expense for each year.

Round answers to one decimal place.

Use a negative sign to indicate if the adjustment decreases an account balance.

$\backslash$table$[[$Income Statements Adjustments,$2016,2015,2014,],[$Adjusted warranty expense,$5,,,],[$Adjustment required to warramly expense,,,,$],[$Income tax expense,,,,$],[$Net income,,,,$]]$