UM JUTHAI. Explanations are not required. 10-28A Journalizing liability transactions The following transactions of Oscar Landing occurred during 2016: Learning Objectives 3, 4 30 1. June 30 Warranty Expense $8,400 un 30 Jul. 28 Sep 30 Landing is party to a patent infringement lawsuit of $220,000. Landing's attorney is certain it is remote that Landing will lose this lawsuit Estimated warranty expense at 2% of sales of $420,000. Warranty claims paid in the amount of $5,800. Landing is party to a lawsuit for copyright violation of $110,000. Landing's attorney advises that it is probable Landing will lose this lawsuit. The attorney estimates the loss at $110,000 Landing estimated warranty expense on sales for the second half of the year of $460,000 at 2% Dec 31 Requirements 1. Journalize required transactions, if any, in Landing's general journal. Explanations are not required. 2. What is the balance in Estimated Warranty Payable assuming a beginning balance of $0