P 11-28A Journalizing liability transactions The following transactions of Brooks Garrett occurred during 2014: Learning Objectives 3, 41. June 30 Warranty Expense $8,000Apr. 30 Garrett is party to a patent infringement lawsuit of $200,000. Garrett?s attorney is certain it is remote that Garrett will lose this lawsuit. Jun. 30 Estimated warranty expense at 2% of sales of $400,000. Jul. 28 Warranty claims paid in the amount of $6,000. Sep. 30 Garrett is party to a lawsuit for copyright violation of $100,000. Garrett?s attorney advises that it is probable Garrett will lose this lawsuit. The attorney estimates the loss at $100,000. Dec. 31 Garrett estimates warranty expense on sales for the second half of the year of $500,000 at 2%. Requirements 1. Journalize required transactions, if any, in Garrett?s general journal. Explanations are not required. 2. What is the balance in Estimated Warranty Payable