At the beginning of 2018, Angel Corporation began offering a 1-year warranty on its products. The warranty program was expected to cost Angel 4% of net sales. Net sales made under warranty in 2018 were $180 million. In January 2019, five percent of the units sold were returned in 2018 and repaired at a cost of $5.3 million. Required: 1. Calculate the amount of warranty expense on Angel's 2018 income statement.(2 marks) 2. Record with journal entries at the end of 2018 and Jan 2019 for the above transactions. (4 marks)