Three programmers at Feenix Computer Storage, Inc., write an operating systems control manual for Hill-McGraw Publishing, Inc., for which Feenix receives royalties equal to 12% of net sales. Royalties are payable annually on February 1 for sales the previous year. The editor indicated to Feenix on December 31, 2021, that book sales subject to royalties for the year just ended are expected to be $290,000. Accordingly, Feenix accrued royalty revenue of $34,800 at December 31 and received royalties of $35,290 on February 1, 2022 What adjustments, if any, should be made to retained earnings or to the 2021 financial statements? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record adjustments to be made to retained earnings for 2021 financial statements. Note: Enter debits before credits. General Journal Debit Credit Event 1 In 2020, Quapau Products introduced a new line of hot water heaters that carry a one-year warranty against manufacturer's defects. Based on industry experience, warranty costs were expected to approximate 5% of sales revenue. First-year sales of the heaters were $280,000. An evaluation of the company's claims experience in late 2021 indicated that actual claims were less than expected-4% of sales rather than 5%. Assuming sales of the heaters in 2021 were $330,000 and warranty expenditures in 2021 totaled $11,200, what is the 2021 warranty expense? Warranty expense