E11-22 Accounting for warranties, vacation, and bonuses McNight Industries completed the following transactions during 2018: Made sales of $52,000. McNight estimates that warranty expense is 6% of sales. (Record only the warranty expense.) Paid $1,600 to satisfy warranty claims. Nov. 1 20 Dec. 31 Estimated vacation benefits expense to be $6,000 McNight expected to pay its employees a 3% bonus on net income after deducting the bonus. Net income for the year is $52,000. 31 Journalize the transactions. Explanations are not required. Round to the nearest dollar