Sien Creekside Appliances provides a warranty on its product and estimates warranty expense to be 2% of its sales. Total sales for 2020 was $550,000. a. Record the journal entry for the estimated warranty expense for 2020 b. In January 2021, Creekside has received two warranty claims. For one claim, Creekside refunded the customer $1,000 and for the other they replaced the product with inventory that cost $550. Record the journal entry for the warranty claims. Explanations not required Select accounts from the Chart of Accounts (Add additional accounts if required); Cash Sales revenue Cost of goods sold Warranty expense Warranty payable Inventory V Format oo B I U Debit Credit Account Title