FUTURE X 2 W S om/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false Chapter X eBook # Total Current estimated product warranty payable Noncurrent estimated product warranty payable Accrued Product Warranty Harbour Company disclosed estimated product warranty payable for comparative years as follows: (in millions) Current Year Prior Year 3 Check My Work X Feedback alt Check My Work Review the need for a classified balance sheet. Learning Objective 5. Cengag X Assume that Harbour's sales were $163,638 million in current Year and that the total paid on warranty claims during the current year was $14,304 million. E a. The distinction between short- and long-term liabilities is important to creditors in order to accurately evaluate the near-term cash demands on the quick current assets and other longer-term demands b. Provide the journal entry for the Current Year product warranty expense. Enter your answers in millions. Product Warranty Expense Product Warranty Paya