RoboticsRUs started the year 2022 with $19,500 of warranties payable. During 2022 the firm spent $17,000 in cash to satisfy warranty claims. RoboticsRUS made $160,000 of sales in 2022 and it estimates that future warranty costs are 10% of sales. a. Show the financial statement effects of warranty claims satisfaction and of warranty expense recognition in 2022. b. What is the value of Warranty Payable reported on the 2022 Balance Sheet? c. If in 2023 RoboticsRUS unexpectedly experiences much higher warranty claims filed than the 10% anticipated, what would we expect to see on their 2023 Income Statement? a. 2023 Warranty Expense equal to less than 10% of sales b. 2023 Warranty Expense equal to 10% of sales c. 2023 Warranty Expense equal to more than 10% of sales