A company estimates that warranty expense will be 4% of sales The company's sales for the current period are $187,000. The current period's entry to record the warranty expense is: Warranty Expense 7480 Sales 7480 Warranty Expense 7480 Estimated Warranty Liability 7480 Estimated Warranty Liability 7480 Estimated Warranty expense 7480 Warranty Liability 7480 Cash 7480 No entry is recorded until the items are returned for warranty repairs