Sports World spent $17,000 to remodel its store. This cost will be recognized with a debit to Store Building OTrue False West Coast Outdoor Co. sold $22,000 worth of trampolines with a one-year warranty. The company estimates that 2% of the sales will result in warranty work. West Coast Outdoor Co. should a b Recognize warranty liabdity at the time of sale Recognize warranty expense at the time warranty work is performed Recognize warranty expense and warranty liability at the time of sale Recognize warranty expense at the time of sale C