During December, Vixen Company sells $865,000 in merchandise that has a one-year warranty. Warranty expense is estimated at 4% of sales. On January 5 of the following year, the merchandise requires repairs that are completed the same day. The repairs cost $15,500 for materials taken from parts inventory. The entry to record the repairs that occur on January 5 is: Multiple Choice Debit Warranty Expense $19,100; credit Estimated Warranty Liability $19,100. Debit Estimated Warranty Liability $34,600; credit Warranty Expense $34,600. Debit Warranty Expense $15,500; credit Estimated Warranty Liability $15,500. Debit Estimated Warranty Liability $19,100; credit Parts Inventory $19,100. Debit Estimated Warranty Liability $15,500; credit Parts Inventory $15,500