During March, Sporting Company sells $365,000 in merchandise that has a one-year warranty. Experience shows that Sporting Company's warranty expenses average about 5% of the selling price. The warranty liability account has an unadjusted credit balance of $11,900 as of March 31. During the month customers returned merchandise for warranty repairs that used $8,500 in parts for repairs. The entry to record the estimated warranty expense for the month is Multiple Choice Debit Estimated Warranty Liability $8,500; credit Warranty Expense $8,500. Debit Warranty Expense $6,350; credit Estimated Warranty Liability $6,350. Debit Estimated Warranty Liability $18.250;credit Warranty Expense $18,250. Debit Warranty Expense $14,850; credit Estimated Warranty Liability $14,850. Debit Warranty Expense $18,250; credit Estimated Warranty Liability $18.250