8.12 Grades During 2018, the company was partenvertory to repair the equipment la Tosca cu broden puts of equipments. In 2019 the company sales were 5700,000 Based on its past etperience, the company estimated the needed warranty expense equal to 5% of it alles Require Deprem od ONLY way liability in 2019 Gwybity Dember 31, 2019 for the ALTO ALTRO BTV5 Paragraph Aral 14 2 I. X A O Q B. (2 Grades) Isa Town Co offers a two-year warranty on parts of equipments. In 2019 the company sales were $700,000. Based on its past experience, the During 2019, the company used $15,000 of parts inventory to repair the equipment Required: prepare the journal entry to record ONLY the warranty liability in 2019. (2) How much is the amount of warranty liability on December 31, 2019 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BI U $ Paragraph 14px E A IK A: Dr.cash 800000 Crnots payble 800000 nots paybel 800000 dr intrest expens 18000 cr.cash 818000 B Arial 11! v nenit