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: Recognize warranty expense at the time warranty work is performed and warranty liability at the time of sale. O Recognize warranty expense at the time warranty work is performed. O Recognize warranty expense and warranty liability at the time of sale. O Recognize warranty liability at the time of sale. O Recognize warranty expense at the time of sale. MacBook Air