Honey Bunny Consultants sells computers with a 6-month warranty. In January, the company sold 35,000 computers at $2,600 each and 1,500 computers were returned for repairs. The total repair costs amounted to $185,000. It is estimated that 3% of all units sold will need repairs under warranty at an estimated cost of $300 per unit. Prepare the journal entry to record warranty expense for January.