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Construct the December 34, 2016 journal entries that would represent the estimation of warranty costs and settlement based upon the following data from the annual

Construct the December 34, 2016 journal entries that would represent the estimation of warranty costs and settlement based upon the following data from the annual report 2017 2016 2015 (thousands of dollars) 34,419 39,707 38,954 43,484 (53,143) (36,413) (39,329) 130,442 Balance at January1. 31878 $ 27,723 Acquisition Liabilities Balance at December 31... $151425 $34419 31878

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