A company estimates that warranty expense will be 4 percent of sales. The company's sales for the current period is $185,000. The current period's entry to record the warranty expense is: O Warranty Expense 7,400 Warranty Liability 7,400 Warranty Liability 7,400 Cash 7,400 Warranty Expense 7,400 Sales 7,400 None of the answers are correct. Estimated Warranty Liability 7400 Estimated Warranty Expense 7,400