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Global Filter Corp. extends a lifetime warranty on all ketties sold. Using past experience, the company estimates that 2% of bottles old will be returned and replaced at an average cost of 518 perkutte on January 1, 2014 the balance in Global Filter Corp's Estimated Warranty Liability account was 5756During 2014 es totalled 1007.000 10,500 rettes. The act number of the returned and reload was 373 C) Prepare the following oumat entries Estimated warranty liabities for units sold during 2014. Use the date December 31, Replacement of the unis retumed in 2014 (use the date December 31) Erser in appropriate description, and enter the dates in the format dd mmm 15/Jan) Generalna Page 1 Date AccuWexplanation Fabt Crede 12) Calculate the balance in the Estimated Warranty Liability account at December 31, 2014, and the Warranty Expense that will appear on the income statement for the year and December 2014 Balance of Estimated Warranty Liability at Dec 317 Warranty Exponse as it appears on the income Statement