Revise your worksheet based on these new assumptions and then answer the questions that follow. Number of units sold. Estimated units needing warranty Estimated warranty cost per unit Portion of units fixed in current year Alternative: Portion of units fixed in current year 35,000 4% 200 0% 25% Required: 1. What are the revised amount of estimated warranty units and future warranty costs? Answer is complete but not entirely correct. Units 1,050 Future Warranty Costs $ 210,000 2. Prepare the journal entry to record the warranty expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Answer is complete but not entirely correct. 1 No a. Transaction General Journal Warranty Expense Warranty Liability 2 b. Warranty Expense Warranty Liability Debit Credit 210,000 210,000x 52,500 52,500x