Prepare journal entries to record both the warranty expense for the year and the payments made under the warranty. (If no entry is equired for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions of ollars.) View transaction that Journal entry worksheet 2 Record entry to recognize warranty expense for the period, Note: Enter debits before credits Transaction Credit B General Journal Provision for product warranties Warranty expense Debit 465 465 Record entry Clear entry View general Journal 3-a. Compute the ratio of the warranty liability to revenues for the three years. (Round percentage answers to 2 decimal places (i.e., 0.1243 should be entered as 12.43).) 2018 2017 2016 Ratio of the warranty liabilty to revenues % % % 3.b. Has the ratio increased or decreased during the three-year period? The ratio from 2016 to 2017 and from 2017 to 2018