current year should not be zeros for part b

Reformulating Financial Statements for Warranty Expense

Ford Motor Company reported the following information in its current fiscal year financial statements. Use these data to answer the requirements.

The income statement reports the following additional information.

Note: Enter an increase in expense as positive and a decrease in expense as negative.

Note: Enter an increase in net income as positive and a decrease in net income as negative.

Note: Round answer to the nearest dollar, if applicable.

Note: Do not round intermediate calculation, if applicable.

c$.$ Reformulate the balance sheet for all three years. Specifically, compute adjustments to: warranty liabilities, deferred tax assets, and retained earnings. Assume the company's tax, rate is $22\%.$

Note: Enter an increase in account balance as positive and a decrease in account balance as negative.

Note: Round answer to the nearest dollar, if applicable.

Note: Do not round intermediate calculation, if applicable.

$***$SOLVE FOR CURRENT YEAR IN PART B$.$ THE ANSWERS SHOULD NOT BE ZEROS AT ALL.$****$ SHOW THE MATH

$***$SOLVE FOR PRIOR YEAR IN PART C$.$ THE ARE NOT THE SAME AS IN PART B$.*****$ SHOW THE MATH