Ivanhoe Company estimates its annual warranty expense as 3% of annual net sales. The following data relate to the calendar year 2026: Net sales $1505000 Warranty liability account Balance, Dec. 31, 2026. $10000 debit before adjustment Balance, Dec. 31, 2026 35000 credit after adjustment Which one of the following entries was made to record the 2026 estimated warranty expense? Warranty Expense 45150 Retained Earnings (prior-period adjustment) 7575 Warranty Liability 37575 Warranty Expense 30000) Warranty Liability 30000 Warranty Expense. Warranty Liability Warranty Expense Retained Earnings (prior-period adjustment) Warranty Liability 45150 45150 37575 7575 45150