The balance of the Estimated Warranty Liability account was $13,450 on January 1, 2019, and $19,100 on December 31, 2019. Based on an analysis of warranty claims during the past several years, this year's warranty provision was established at 1.5% of sales, and sales during the year were $1,490,000. Required: a. What amount of warranty expense will appear on the income statement for the year ended December 31, 2019? b. What were the actual costs of servicing products under warranty during the year? a. Warranty expense b. Actual warranty costs ! Required information [The following information applies to the questions displayed below.] A company incurred the following transactions: a. Income tax expense of $793 for the current period is accrued. Of the accrual, $174 represents deferred tax liabilities. b. Bonds payable with a face amount of $5,700 are issued at a price of 99. c. Of the proceeds from the bonds in part b, $3,200 is used to purchase land for future expansion. d. Because of warranty claims, finished goods inventory costing $112 is sent to customers to replace defective products. e. A three-month, 8% note payable with a face amount of $26,500 was signed. The bank made the loan on a discount basis. f. The next installment of a long-term serial bond requiring an annual principal repayment of $35,000 will become due within the current year. Required: a-1. Show the effect, if any, of each transaction/adjustment on the appropriate balance sheet category or on net income by selecting for each category affected the account name and amount, and indicating whether it is an addition (+) or a subtraction (-). Items that affect net income should not also be shown as affecting shareholders' equity. X Answer is not comple- Required: a-1. Show the effect, if any, of each transaction/adjustment on the appropriate balance sheet category or on net income by selecting for each category affected the account name and amount, and indicating whether it is an addition (+) or a subtraction (-). Items that affect net income should not also be shown as affecting shareholders' equity. X Answer is not complete. Transaction/ Adjustment Current Assets Noncurrent Assets Current Liabilities Noncurrent Liabilities a. Income taxes payable +619 Deferred tax liabilities +174 b. Cash +5,643 C. d. e. . f. 7 net income by selecting ubtraction (-). Items that X Answer is not complete. Irrent Liabilities Noncurrent Liabilities Stockholders' Equity Net Income payable +619 Deferred tax liabilities +174 Income tax expense -793