The Company has a bonus arrangement that grants employees a bonus if the net income exceeds the previous years by $1,000,000. Noting that the current financial statements report an increase of $950,000 in the net income, Vice President Jack Bedtke asks Lucy Sexton, the controller, to reduce the estimate of warranty expense by $60,000. The present estimate of warranty expense is $500,000 and is known by both Bedtke and Sexton to be a fairly soft amount. Instructions: 1. Identify and describe more than one ethical perspective in resolving the identified dilemma. 2. Clarify the advantages and disadvantages of implementing each ethical perspective. 3. Determine and support a proposed solution.