The accounting records of Claytown Ceramics included the following at January 1,2018 : (Click the icon to view the data.) In the past, Claytown's warranty expense has been 7% of sales. During 2018 , Claytown made sales of $135,000 and paid $9,000 to satisfy warranty claims. Read the requirements. Requirement 1. Journalize Claytown's warranty expense and warranty payments during 2018. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Journalize the warranty expense. Requirements 1. Journalize Claytown's warranty expense and warranty payments during 2018. Explanations are not required. 2. What balance of Estimated Warranty Payable will Claytown report on its balance sheet at December 31, 2018? Data table Requirement 2. What balance of Estimated Warranty Payable will Made from Clay report on its balance sheet at December 31,2018? Use the T-account to determine the ending balance for the Estimated Warranty Payable account. Post the journal entries that affect the Estimated Warranty Payable account to the T-account and calculate the resulting balance. The balance of the Estimated Warranty Payable account represents warranty claims that the company expects to pay in the future based on its estimates. Use an "End. Bal." posting reference to show the ending balance of the account. The beginning balance (Beg. Bal.) has been entered for you. (Click the icon to view the journal entries prepared in Requirement 1 that affect the Estimated Warranty Payable account.)