2. Humbolt Hardware Company has a August 31, 2022 year-end. The company sells calculators and provides a lifetime warranty on their product. Past experience suggests that 4% of calculators sold will be returned for replacement. The estimated replacement cost of a calculator is $59.33. During the year, the total sales for the company was $1,115,160 or 11,842 calculators sold at $94.17 per unit. On October 24, 2022, 40 calculators were returned and replaced under warranty at a total cost of $4,604.01. The returned items were unusable and thus discarded. Provide the general journal entry to record the estimated warranty expense at year-end, and the journal entry to record the returned/replaced items. Show all calculations. (6 marks)