The following transactions of Belkin Howe occurred during 2024: Apr. 30 Howe is party to a patent infringement lawsuit of $220,000. Howe's attorney is certain it is remote that Howe will lose this lawsuit. Jun. 30 Estimated warranty expense at 3% of sales of $390,000. Jul. 28 Warranty claims paid in the amount of $5,700. Sep. 30 Howe is party to a lawsuit for copyright violation of $70,000. Howe's attorney advises that it is probable Howe will lose this lawsuit. The attorney estimates the loss at $70,000. Dec. 31 Howe estimated warranty expense on sales for the second half of the year of $540,000 at 3%. Requirements 1. Journalize required transactions, if any, in Howe's general journal. Explanations are not required. 2. What is the balance in Estimated Warranty Payable assuming a beginning balance of $0