Accrued Product Warranty

Back in Time Inc. warrants its products for one year. The estimated product warranty is 7.5% of sales. Assume that sales were $719,500 for March. In April, a customer received warranty repairs requiring $35,076 of parts. a. Determine the warranty liability at March 31, the end of the first month of the current fiscal year. Round your answer to the nearest dollar. $ b. What accounts are decreased for the warranty work provided in April?