Catskills Connectors sell industrial equipment to an array of business and suppliers. Catskills Connectors provides a guarantee on its equipment for 3 years. Company experience indicates that 8% of sales will require warranty service. An Albany area dealer made sales during 2020 totaling $655,000. The company received cash for 11% of the sales and notes recelvable for the remainder. Warranty payments for 2020 totaled $30,000, of which wages accounted for 77% of the costs and supplies for the remainder. 1. Record the sales, warranty expense, and warranty payments for the company. Ignore cost of goods sold: 2. Post to the Estimated Warranty Payable T account. At the end of 2020, how much in Estimated Warranty Payable does the company owe? Assume the Estimated Warranty Payable is $1,900 on January 1,2020