Electric Trans manufactures and sells electric transportation devices. One of the company's products is an electric carrier for golf clubs called a Powercaddy. A golf bag is strapped onto the Powercaddy and a handheld control is used to move the Powercaddy around the golf course. Electric Trans sells the Powercaddy for $900 and offers customers a one-year warranty. The company estimates that warranty costs will equal 5% of sales. During 20x2, the company sold 995 Powercaddys and incurred warranty costs of $41,000, paid for in cash, with respect to this product. On January 1, 20x2, Electric Trans took out an 8-year, 4%, $2,000,000 bank loan. Annual repayments on the bank loan are $287,056 and are due each December 31. Required Prepare the adjusting journal entry to record estimated warranty expense for the year ended December 31, 20x2. Prepare the journal entry to record warranty work performed during 20x2. Prepare the journal entry to record the bank loan on January 1, 20x2 and the interest payment on December 31, 20x2. . b. .