Recording Assurance-Type Warranty Liability Finisher Inc. sells merchandise for $250,000 during the year that includes a three-year limited warranty. Warranty costs are estimated to be 1% of sales. The company incurred actual costs of $800 during the year related to the warranties. a. Record the warranty accrual at the time of sale. b. Record the adjustment to the warranty accrual for actual warranty costs during the year. Assume actual warranty costs involve cash payments