Sunny introduces a new compact music player that carries a two-year warranty against manufacturer's defects. Based on industry experience with similar product introductions, warranty costs are expected to be approximately 3% of sales. By the end of the first year of selling the product, total sales are $29.1 milion, and actual warranty expenditures are $110,000. Record the adjusting entry for the remaining expected future warranty costs as of December 31 , the end of the reporting period. (If no entry ls requlred for a partleuler transectlon/event, select "No Journal Entry Required" In the flrst account fleld. Enter your answers in dollars, not millions. For example, $5.5 million should be entered as 5,500,000. Journal entry worksheet Record the adjusting entry for the remaining expected future warranty costs as of December 31 , the end of the reporting period. Note: Enter debits before credits