accounting records of RAK Ceramics included the following on 30 June 2023: Estimated warranty payable $5,000 In the past, RAK's warranty expense has been 10% of sales. During 2022/2023, RAK made sales of $275,000 and paid $11,000 to satisfy warranty claims. REQUIRED: (a) Journalise RAK's warranty expense and warranty payments during 2022/2023. (4 Marks) (b) What balance o Colour picker nty payable will RAK report on its balance sheet as of 30 June 2023? (2 Marks)