A company estimates that warranty expense will be 2% of sales. The com pany's sales for the current period are $269,000. The current period's entry to record the warranty expense is: Multiple Choice Debit Warranty Expense $5,.380 credit Sales $5.380. Debit Warranty Expense $5,380 credit Estimated Warranty Liability $5,380. Debit Estimated Warranty Liability $5,380 credit Warranty Expense $580. Debit Estimated Warranty Liability $5,380 credit Cash $5,380 No entry is recorded until the items are returned for warranty repairs