Seved Help Save & Exit In December Year 1, Lucas Corporation sold merchandise for $10,000 cash. Lucas estimated that the warranty obligation relating to this sale is $700. On February 12, Year 2, Lucas paid cash of $550 to settle a related warranty claim by this customer Which of the following reflects the effect of the year-end adjustment to record estimated warranty expense? Balance Sheet Income Statement Stockholders' Assets Liabilities + Equity Revenue Expense Net Income Statement of Cash Flows a. n/a n/a n/a b. n/a n/a n/a c. n/a n/a -OA n/a n/a n/a. Multiple Choice Option C Option B Option A Prey 16 of 25 Next Submit