Need help with question a.

Accrued Product Warranty A Wrinkle in Time Inc. warrants its products for one year. The estimated product warranty is 5.5% of sales. Assume that sales were $565,500 for March. In April, a customer received warranty repairs requiring $29,547 of parts. a. Determine the warranty liability at March 31, the end of the first month of the current fiscal year. Round your answer to the nearest dollar. $ b. What accounts are decreased for the warranty work provided in April? Product Warranty Payable and Parts Inventory