Cullumber Company sells remote control airplane engines, which carry a one-year warranty. If a customer brings in a defective engine, he replaces the engine with a new one from his inventory. Cullumber estimates that 2% of units sold will be defective. As at January 1, the Warranty Liability had a credit balance of $400, Cullumber provided the following information for his year end of December 31. Cost per engine $135 Total sales 1.150 units Actual warranty costs $1.115 Calculate the estimated warranty expense for the year. Estimated warranty expenses e Textbook and Media List of Accounts Prepare the journal entry for the estimated warranty expense for the year. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Dec. 31 Prepare the Joumal entry to record the actual warranty costs for the year. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Dec 31 eTextbook and Media List of Accounts Calculate the ending balance in the warranty liability account at the end of the year. Ending balance in warranty liability accoun $ e Textbook and Media List of Accounts if Cullumber fixed an engine himself instead of replacing it with a new engine, what account would be credited instead of Merchandise Inventory? Cullumber fixed an engine himself instead of replacing it with a new engine, the account woul