42-Cash dividends which were declared and paid in 2020 should be reported as a. An operating expense on the 2020 income statement

b. As Paid in Capital in Excess of Par Value on the year-end balance sheet

c. A reduction to the Common Stock account on the year-end balance sheet

d. A deduction from Retained Earnings on the retained earnings statement for the year

Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?