Interpreting Warranty Liability Disclosures The following disclosures were provided by Siemens AG in its 2014 annual report: Product-related expenses product warranty provisions. Note 23 Provisions The Provision that Siemens reports is an estimated warranty liability. What would constitute additions to the provision? Prepare a journal entry to record this addition. Siemens reported sales revenue of 72,480 million in 2014 and 74,005 in 2013 . Calculate the ratio of warranty expense to sales for each year. Round to one decimal place (i.e., 5.6\%). 2014 j 2013 6