1-21 Accounting for warranty expense and warranty payable The accounting records of Sculpted Ceramics included the following at January 1, E1 2018: Estimated Warranty Payable 5,000 Beg. Bal. In the past, Sculpted's warranty expense has been 9% of sales. During 2018, Sculpted made sales of $113,000 and paid $7,000 to satisfy warranty claims. Requirements Explanations are not required. of Estimated Warranty Payable will Sculpted report on its balance sheet at December 31, 2018