Q. 1 (Max marks: 8) The accounting records for Disney manufacturing included the following at 30 June 2016: Estimated Warranty Payable bal. 3,800 cr In the past, Disney's warranty expense has been 4% of sales. During 2016/17, Disney made sales of $150,000 and paid $6,200 to satisfy warranty claims. Required a) Journalise Disney's warranty expense & warranty payments during 2016/2017. Explanations are not required. Marks: 5 b) What balance of Estimated warranty payable will Disney report on its balance sheet as at 30 June 2017? Please show calculations clearly. Marks: 3