9. Suppose Bold City acquires Madison Brewing, Inc., for $1,450,000. At the time of the purchase, the total market value of Madison Brewing, Inc.'s assets is $1,850,000, and the total market value of its liabilities is $525,000. Record the sale: 10. Suppose Bold City's goodwill, which it acquired in the purchase of Madison Brewing, Inc., has a fair value of $105,000 a year after the purchase. Bold City would make the following entry: 11. During 2020, Miller Upholstery made sales of $312,000 on account. The accounting records show a balance of $2,300 in Estimated Warranty Payable at December 31, 2019. In the past, Miller Upholstery's warranty expense has been 2.5 percent of sales. In March 2020, Miller paid $8,250 to satisfy warranty claims. a. Record the 2020 sales: b. Record the estimated warranty liability: c. Record the warranty payment: 9. Suppose Bold City acquires Madison Brewing, Inc., for $1,450,000. At the time of the purchase, the total market value of Madison Brewing, Inc.'s assets is $1,850,000, and the total market value of its liabilities is $525,000. Record the sale: 10. Suppose Bold City's goodwill, which it acquired in the purchase of Madison Brewing, Inc., has a fair value of $105,000 a year after the purchase. Bold City would make the following entry: 11. During 2020, Miller Upholstery made sales of $312,000 on account. The accounting records show a balance of $2,300 in Estimated Warranty Payable at December 31, 2019. In the past, Miller Upholstery's warranty expense has been 2.5 percent of sales. In March 2020, Miller paid $8,250 to satisfy warranty claims. a. Record the 2020 sales: b. Record the estimated warranty liability: c. Record the warranty payment