E-m {Learning lecttves I, 3: Reporting tail-rent and long-term liabilities) Assume that MtlniEy Electronics oompleted these selected transactions during June 2030: a. Sales of $2,100,000 are subject to wtimatod warranty cost oi' $154,000. The provi- sion for warranty repairs at the beginning of the year teas 3534.000. and warranty payments for the year totaled $50,000. It. Dnjune 1. McKniley Elccu'onics signed a $55,000 note payable that requires annual payments of 513350 pins 0% interesr on the unpaid balance each June 1. e. Music For You, hit. a chain of music stores, ordered 5115.000 worth of {It players. \"0111 its order, Music For You. lite, sent a cheque for $115,000 in advance. and McKinley shipped $T0.000 of die goods. McKinley will ship the remainder of the. goods on July 3. 20110. d. 'i'hejime payroll of $100,000 is subject to employee withheld income tax of 530.000 and payroll in of 15553. Unjune 30. McKinley pays employees their take-home pay and accrues all tat: amounts. I Requirement 1. Report these items on McKinley Electronics' balance sheet atIune 30. 203.0. ESP-330 (Learning Objective I:Reconiingandreportin,geenent liabilities) Trevor Pubtislung completed the following transacdons for one subscriber during 203:0: I Requirement 1. Journalize these transactions {explanations not required}. Then report any liability on the oompany's balance sheet at December 31