Dandy Shack Computers are in the business of selling computer systems all across the country. Competition is fierce, and Dandy Shack tries to attract business by offering a three-year warranty on each sale. Total sales for 2019 are $856,000. The company sold 523 computers during the year. Generally, 8% of the actual physical computers sold have some sort of warranty issue within three years, with an average cost of $70 in parts (from inventory). Calculate the estimated warranty expense for the current year. Prepare the Journal entry.