The following transactions of Dunn Miles occurred during 2024: (i) (Click the icon to view the transactions.) Requirements 1. Journalize required transactions, if any, in Miles's general journal. Explanations are not required. 2. What is the balance in Estimated Warranty Payable assuming a beginning balance of $0 ? make sure to select "No entry required" in the first cell in the "Accounts" column and leave all other cells blank.) Apr. 30: Miles is party to a patent infringement lawsuit of $170,000. Miles's attorney is certain it is remote that Miles will lose this lawsuit. More info Jun. 30: Estimated warrantv expense at 3% of sales of $430.000. \begin{tabular}{ll} \hline Apr. 30 & \begin{tabular}{l} Miles is party to a patent infringement lawsuit of $170,000. Miles's attorney is certain it \\ is remote that Miles will lose this lawsuit. \end{tabular} \\ Jun. 30 & \begin{tabular}{l} Estimated warranty expense at 3% of sales of $430,000. \\ Jul. 28 \end{tabular} \\ Sep. 30 & \begin{tabular}{l} Warranty claims paid in the amount of $6,100. \\ Miles is party to a lawsuit for copyright violation of $140,000. Miles's attorney advises \\ that it is probable Miles will lose this lawsuit. The attorney estimates the loss at \\ $140,000. \end{tabular} \\ Dec. 31 & \begin{tabular}{l} Miles estimated warranty expense on sales for the second half of the year of $490,000 \\ at 3\%. \end{tabular} \\ \hline \end{tabular} Jul. 28: Warrantv claims naid in the amount of $6.100