Stone, Inc., sells its products with a one-year warranty. The estimated product warranty is 4% of sales. Assume that Stone had sales of $172,000 during January this year. On February 25, a customer received warranty repairs requiring $64 of labor and $38 of parts. Required: 1. Record the adjusting entry to accrue warranty expense on January 31. 2. Record the journal entry for the warranty work provided in February. Account Title Debit Credit