Moon Electronics sells television sets and other sound and video equipment. Sales and expected warranty claims for the year are as follows: Unit Sales Item Expected Warranty Claims Cost per Claim for Warranty Period Televisions 1 claim per 100 sold $64 1,300 500 10 claims per 100 sold 32 DVD Speakers 2,100 4 claims per 100 sold 37 Hide Prepare the entry to record warranty expense for Moon Electronics for the year. Warranty Expense Warranty Liability (Record warranty expense)