Product A comes with a two year warranty when purchased by customers. The estimated warranty costs as a percentage of dollar sales are 3% in the year of sale and 5% in the second year after the sale. The following information relates to sales and warranty expenditures of Product A Which of the following is NOT part of the required journal entry in Year 1 based on the above information? Mutiple Choice Debit warranty expense $32,000 Credt sales $400.000 Debit warranty expense $12,000