A company estimates that warranty expense will be 4% of sales. The company's sales for the current period are $185,000. The current period's entry to record the warranty expense is: Multiple Choice Debit Warranty Expense $7,400; credit Soles $7400 Debit Warranty Expense $7,400; credit Estimated Warranty Liability $7,400. Debit Estimated Warranty Liability $7,400;credit Warranty Expense $7,400 Debit Estimated Warranty Liability $7,400; credit Cash $7,400, No entry is recorded until the items are returned for warranty repairs