A company estimates that warranty expense will be 4% of sales. The company's sales for the current period are $199,000. The current period's entry to record the warranty expense is: Multiple Choice Multiple Choice Debit Warranty Expense $7,960, credit Sales $7,960. Debit Warranty Expense $7,960, credit Estimated Warranty Liability $7,960. Debit Estimated Warranty Liability $9,000; credit Warranty Expense $9,000 Debit Estimated Warranty Liability $7,960; credit Cash $7,960. No entry is recorded until the items are returned for warranty repairs