Lee Electronics, of franchise of electronics stores located in smas towns throughout the Unted States, sold 990 32-inch televisions for 5820 each, The televisions carry an attached 3 year warrenty for repairs Lee Electronics estimates that repair costs will averoge 3% of the total seling price. Required: 1. How much is recorded in the Warranty Uability account as a result of selling the televisions during the year, assuming no warranty service has yet been performed? estimated warranty liability 2. Provide the necessary adjusting entry at December 31. If an amount box does not require an entry, leave it blank