The accounting records of Off the Wheel Ceramics included the following at January 1,2024 : (Click the icon to view the data.) In the past, Off the Wheel's warranty expense has been 8% of sales. During 2024 , Off the Wheel made sales of $108,000 and paid $5,000 to satisfy warranty claims. Read the requirements. Requirement 1. Journalize Off the Wheel's warranty expense and warranty payments during 2024. Explanations are not required. (Record debits first, then credits. Excl Journalize the warranty expense. Data table Requirements 1. Journalize Off the Wheel's warranty expense and warranty payments during 2024. Explanations are not required. 2. What balance of Estimated Warranty Payable will Off the Wheel report on its balance sheet at December 31, 2024