A company estimates that warranty expense will be 2% of sales. The company's sales for the current period are $146,000. The current period's entry to record the warranty expense is: Multiple Choice Debit Warranty Expense $2,920 credit Sales $2.920 Debit Warranty Expense $2.920 credit Estimated Warranty Liability $2,920 Debit Estimated Warranty Liability $2.920 credit Warranty Expense 57,960. Debit Estimated Warranty ability $2.920 Credit Cash $2.920 No ent is recorded until the tems are returned for warranty repairs