A company estimates that warranty expense will be 5% of sales. The company's sales for the current period are $206,000. The current period's entry to record the warranty expense is: Multiple Choice Debit Warranty Expense $10,300 credit Sales $10,300. Debit Warranty Expense $10,300 credit Estimated Warranty Liability $10,300. O Debit Estimated Warranty Liability $10,300 credit Warranty Expense $5,380. o Debit Estimated Warranty Liability $10,300 credit Cash $10,300. o No entry is recorded until the items are returned for warranty repairs