Bombardier Inc. specializes in manufacturing transportation products (aircraft, railway equipment, snowmobiles, and watercraft). The company offers warranties on all of its products. Note 2 to Bombardier's financial statements for fiscal year 2018 stated the following: Product warranties typically range from one to five years, except for aircraft structural and bogie warranties that extend up to 20 years. Selected information from Bombardier's annual reports follows (amounts in millions of U.S. dollars): Revenues Provision for product warranties at year-end 2018 16,943 1,001 2017 19,522 1,108 2016 18,067 1,155 During fiscal year 2018, Bombardier paid $400 million to customers in exchange for returned products under the warranty. Required: 1. Compute the amount of warranty expense for fiscal year 2018. (Enter your answer in millions of dollars.) Warranty expense 2. Prepare journal entries to record both the warranty expense for the year and the payments made under the warranty. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions of dollars.) View transaction lit Journal entry worksheet Record payments to customers in exchange for returned products. Note: Enter debits before credits. General Journal Debit Credit Transaction Record entry Clear entry View general journal