Sunny introduces a new compact music player that cattes a two-year warranty against manufacturer's defects. Based on industry experience with similar product introductions, warranty costs are expected to be approsimately 2% of sales. By the end of the first year of seling the product, total sales are $30.9 million, and actual wartanty expenditures are $290,000 Record the adjusting entry for the remaining expected future watranty costs as of December 31, the end of the reporting period (If no entry is required for o porticular tronsoction/event, select "No Journol Entry Required" in the first occount field. Enter your answers in dollars, not millions. For example, $5,5 million should be entered as 5,500,000.) Journal entry worksheet Mecord the adjusting entry for the remainerg expected future warranty costs at of December 31, the end of the reporting period. Nolei inter sebus belowe oredas