Help Required information Exercise 8-15A Record warranties over two years (LO8-5) [The following information applies to the questions displayed below] Lindy Appliance begins operations in 2021 and offers a one-year warranty on all products sold. Total appliance sales in 2021 are $1,600,000, and Lindy estimates future warranty costs in 2022 to be 2% of current sales. Actual warranty costs in 2022 are $25,000. Also in 2022, Lindy has additional sales of $2.400,000 and revises its estimate of warranty costs associated with sales in 2022 to be 15%. Exercise 8-15A Parts 1, 2& 3 Required 1.-3. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/even select "No Journal Entry Required" in the first account field.) No Account Title Debit Credit 32,000 2021 32,000 Required in tion Answer is not complete. 32,000 2,000 arra December 31, 202 Warranty Liabity 01 25,000 ) Cash 25,000 36,000 36,000 3 3 December 31, 202 Warranty Expense Prev 10 11 of 11 ch