Journalizing liability transactions The following transactions of Oscar Landing occurred during 2016: Apr. 30 Landing is party to a patent infringement lawsuit of $220,000. Landing's attorney is certain it is remote that Landing will lose this lawsuit. Jun. 30 Estimated warranty expense at 2% of sales of $420,000. Jul. 28 Warranty claims paid in the amount of $5, 800. Sep. 30 Landing is party to a lawsuit for copyright violation of $110,000. Landing's attorney advises that it is probable Landing will lose this lawsuit. The attorney estimates the loss at $110,000. Dec. 31 Landing estimated warranty expense on sales for the second half of the year of $460,000 at 2%. Journalize required transactions, if any, in Landings general journal. Explanations are not required. What is the balance in Estimated Warranty Payable assuming a beginning balance of $0