Question 3 of 5 -/1 ill View Policies Current Attempt in Progress Sunland Company began selling game consoles on November 1, 2021 The company offers a 75-day warranty for defective merchandise Based on past experience with other similar products, Sunland estimates that 2.20% of the units sold will become defective in the warranty period, and that the average cost of replacing or repairing a defective unit is $ 16. In November, Sunland sold 34000 units and 470 defective units were returned. In December, Sunland sold 55,000 units and 660 defective units were returned. The actual cost of replacing the defective units was $ 12,080. Prepare a journal entry to accrue for the estimated warranty costs for the November and December sales at December 31, 2021. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit 31 (To accrue warranty expense) e Textbook and Media List of Accounts Preparsons summaryjournal entry at December 31, 2021, to record the cost of replacing the defective game consoles returned during November and December. (Credit account titles are automatically indented when the amount is entered Do not indent manually If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 To record honouring warranty contracts