38,5 Goal Motors Limited guarantees automobiles against defects for five years or 100.000 km, whichever comes first Suppose CM can expect warranty costs during the free year period to add up to 5% of sales Assume that North Motors in London, Ontario, made sales of $2,500,000 on its off road line during 2020 North received cash for 135 of the sales and took notes astog recevable for the remainder Payments to satsly customer wanym od 85 000 during 2020 enes 1. Record the sales warranty xpense, and warmly payments for North. Ignore any reimbursement that North may recewe om GM 2. Post to the same Wanty Payable T-account the beginning wance was $4,000. At the ef2020. how much in esmated warranty water North ricos w customers byee