The accounting records of Rustic Ceramics included the following at January 1, 2018: (Click the icon to view the data.) In the past, Rustic's warranty expense has been 8% of sales. During 2018, Rustic made sales of $152,000 and paid $8,000 to satisfy warranty claims. Read the requirements Requirements . Explana * Data Table - X 1. Journalize Rustic's warranty expense and warranty payments during 2018. Explanations are not required. 2. What balance of Estimated Warranty Payable will Rustic report on its balance sheet at December 31, 2018? Estimated Warranty Payable 2,500 Beg. Bal. Print Done Print Done