During December $,$ Vixen Company sells $ $870,000$ merchandise that has a one $-$ year warranty Warranty expense is estimated at $3\%$ of sales On January $5$ of the following year $,$ the merchandise requires repairs that are completed the same day $.$ The repairs cost $ $16,000$ for materials taken from parts inventory $.$ The entry to record the repairs that occur on Januar : Multiple Choice Debit Warranty Expense $ $10,100$ ; credit Estimated Warranty Liability $ $10,100.$ Debit Estimated Warranty Liability $ $26,100$ ; credit Warranty Expense $ $26,100.$ Debit Warranty Expense $ $16,000$ ; credit Estimated Warranty Liability $ $16,000.$ Debit Estimated Warranty Liability $ $10,100$ ; credit Parts Inventory $ $10,100.$ Debit Estimated Warranty Liability $ $16,000$ ; credit Parts Inventory $ $16,000.$