U15 Ulsplayed below) W ence begins operations in 2021 and offers a one year warranty on all products sold. Total appliance sales in 2021 are $1,600,000, and Lindy estimates future warranty costs in 2022 to be 2% of current sales. Actual warranty costs in 2022 are $25,000. Also in 2022, Lindy has additional sales of $2,400,000 and revises its estimate of warranty costs associated with sales in 2022 to be 1.5%. equired: -3. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, elect "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 Record the contingent liability for warranties for the year ending December 31, O Rite 9 WOODFOREST Journal entry worksheet 1 2 3 Record the contingent liability for warranties for the year ending December 31, 2021. Note: Enter debits before credits. Date Account Title Debit Credit December 31, 2021 CD Search o e