Part (A) At the beginning of 2021, Gru Gadgets Corporation made a decision to offer a two-year warranty on its products. The warranty program was expected to cost Gru 4% of net sales. Net sales made under warranty in 2021 were $180 million Fifteen percent of the units sold were returned in 2021 and repaired or replaced at a cost of $5.3 million. Required: What is the journal entry to record warranty expense on Gru's 2021 income statement? Number format: 2,000,000. Write "none" if nothing goes in the corresponding debit or credit box for an account. Account Debit Credit Question 23 5 pts Part (B) At the beginning of 2021, Gru Gadgets Corporation made a decision to offer a two-year warranty on its products. The warranty program was expected to cost Gru 4% of net sales. Net sales made under warranty in 2021 were $180 million Fifteen percent of the units sold were returned in 2021 and repaired or replaced at a cost of $5.3 million Required: Assuming that cash is consumed for all repairs and replacements, what is the journal entry to record the repairs and replacements? Number format: 2,000,000. Write "none" if nothing goes in the corresponding debitor credit box for an account Question 24 8 pts Part (C) At the beginning of 2021, Gru Gadgets Corporation made a decision to offer a two-year warranty on its products. The warranty program was expected to cost Gru 4% of net sales. Net sales made under warranty in 2021 were $180 million. Fifteen percent of the units sold were returned in 2021 and repaired or replaced at a cost of $5.3 million. Required What is the balance in the warranty liability account at the end of the year in 2021 (assume a beginning balance of $4.5 million show the T-account on your scratch paper)? Number format: 2,000,000 Question 25 10 pts