Question: please show work On November 2022 AAA Inc. becomes aware of a product recall that is likely to happen and is estimated to cost the

please show work please show work On November 2022 AAA Inc. becomes aware of a

On November 2022 AAA Inc. becomes aware of a product recall that is likely to happen and is estimated to cost the company $5.6 million in 2023. How will this affect the company's income statement and balance sheet in 2022 ? B/S: Increase liabilities, I/S: Decrease net income B/S: Increase liabilities, I/S: Increase net income B/S: Decrease liabilities, I/S: Decrease net income B/S: Decrease liabilities, I/S: Increase net income No changes in 2022

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