Q3: The following transactions of Golden Company occurred during 2015 and beginning balance of Warranty Payable given as follows. Warranty Payable 1,600 March 15 April 15 Dec 31 Company is a party to a lawsuit of $275,000. Company's attorney is certain that it is probable that company will lose lawsuit. Warranty claims paid in the amount of $2,400 Accrued warranty expense, which is estimated at 5% of sales of $75.000 for 2015. Requirements: 1. Journalize the transactions. Show your calculations. Calculate and show the ending balance of warranty payable.