TOVER #it P3. Hawk, Inc. sold 10 heavy production machines with 2-year warranties for $250,000 each in 2017. It was estimated that the total warranty costs be $100,000 for the machines sold in 2017. Actual warranty costs incurred were 2017 2018 2019- $40,000 $35,000 $30,000 Instructions: Prepare any necessary journal entries for 1) The estimated total warranty costs on 12/31/2017, 2) The actual warranty costs incurred in 2017, 2018, and 2019.4