D. Holland Company estimates its annual warranty expense as 3% of annual net sales. The following data relate to the calendar year 2018: Net sales Warranty liability account $1,500,000 Balance, Dec. 31, 2018 Balance, Dec. 31, 2018 $10,000 20,000 debit before adjustment credit after adjustment Show your work to support your Prepare the journal entry to record the 2018 estimated warranty expense? answer to receive credit