A company estimates that warranty expense will be 2% of sales. The company'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 $9,320. Debit Estimated Warranty Liability $5,380; credit Cash $5,380. No entry is recorded until the items are returned for warranty repairs