Current Attempt in Progress Shamrock Ranchers sells a herd of cattle to Rozo Meat Packers for 28,800 and the related VAT. Rozo Meat Packers sells the beef to Wrangler Supermarkets for 38,400 and the related VAT. Wrangler Supermarkets sells this beef to customers for 48,000 plus the related VAT (a) Assuming the VAT is 15% on all sales, prepare the journal entry to record the sale by Roro Meat Packers to Wrangler Supermarkets. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts View Policies Current Attempt in Progress In 2021. General Dynamics Corporation began seling a new line of products that carries a two-year warranty against defects. Based upon past experience with other products, the estimated warranty costs related to dollar sales are as follows: First year of warranty 2% Second year of warranty 5% Sales and actual warranty expenditures for 2021 and 2022 are presented below: Sales Actual warranty expenditures 2021 2022 600.000 800,000 20,000 40,000 What is the estimated warranty liability at the end of 2022? $98.000 $16,000 $58,000 $38,000