Cloudy introduces a new compoct musie player that carries a two-year warranty against manufacturer's defects. Bosed on industry experience with similar product introductions, warranty costs are expected to be approwimately 1K of sales. By the end of the first year of selling the product, total soles are $29.9 milion, and actual warranty expenditures are $190,000. fecord the adjusting entry for the remaining expected future worranty costs as of December 31, the end of the teporting period if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Finter your answees in dollars, not millions. For example, $5.5 mililion should be enteredt as 5,500,000 ) Journal entry worksheet Record the acjusting entry for the remaining expected future warranty costs as of December 31, the end of the reporting period