Hotshot Company sells personal computers with a two-year warranty. During 2021, the company sells 450 computers. On the basis of past experience, the warranty costs are estimated to be $100 per computer. The actual warranty costs (all cash-based) paid by Hotshot during 2022 were $43,000. Required: Present general journal entries to record (1) warranty expense on December 31, 2021 and (2) the actual warranty payments made (assume a single journal entry for actual warranty work completed: June 30,2022 )