On January 1, 2015, Sunland Company began a warranty program to stimulate sales. It is estimated that 5% of the units sold will be returned for repair at an estimated cost of $36 per unit. Sales and warranty figures for the three years ended December 31 are as follows: Sales (units) Sales price per unit Units returned for repair under warranty Actual warranty costs 2017 1,900 $125 105 $2,160 $%2,750 $3,390 2015 1,200 $130 75 2016 1,600 $120 90 Calculate the warranty expense for each year and warranty liability at the end of each year. Warranty Expense Warranty Liability 2015 2016 2017 Record the warranty transactions for each year. Credit Repair Parts Inventory for the