United Corporation extends a lifetime warranty on all radios sold Using past experience, the company estimates that 5% of radios sold will be returned and replaced at an average cost of 513 per radio on January 1, 2014, the balance in United Corporation's Estimated Warranty Liability account was $6.500. During 2014, sales totalled $400,000 of 14.000 radios. The actual number of radios returned and replaced was 622 (1) Prepare the following journal entries Estimated warranty liabilities for units sold ouring 2014. Use the date December 31, Replacement of the units returned in 2014 (ut the date December 31). Etter an appropriate description and enter the dates in the format dd (15) Page 1 bu HOW G (27 Calculate the balance in the Estimated Warranty Liability account at December 11 2014, and the Warranty Expense that will appear on the income statement for the year-ended December 31, 2014 Matance of Warranty Liber Dec 117 Way opens in on the come Game