Requirement 2. What is the balance in Estimated Warranty Payable assuming a beginning balance of $0? account. Use the T-account to determine the ending balance for the Estimated Warranty Payable account. Use a "Bal" posting reference to show the ending balance of the Estimated Warranty Payable Apr. 30 Jun. 30 Jul. 28 Sep. 30 Dec. 31 Cruz is party to a patent infringement lawsuit of $240,000, Cruz's attorney is certain it is remote that Cruz will lose this lawsuit. Estimated warranty expense at 2% of sales of $440,000. Warranty claims paid in the amount of $6,200. Cruz is party to a lawsuit for copyright violation of $130,000. Cruz's attorney advises that it is probable Cruz will lose this lawsuit. The attorney estimates the loss at $130,000. Cruz estimated warranty expense on sales for the second half of the year of $550,000 at 2%.