We are hired as consultants to assist Arctica Co. in accounting for its warranty expenses. Arctica offers a one-year warranty covering parts on each snowmobile it sells. The following Tableau Dashboard is provided to assist us Estimated Warranty Expense vs. Actual Warranty Claims $25,000 $20,000 Actual Warranty Cams Estimated Warranty Expanse $15,000 $10,000 $5,000 $5,000 4 Years Ago 3 Years Ago 2 Years Ago 1 Year Ago Current Year Sales by Model Estimated Warranty Expense Percentage by Model Puma Jag Lynx Puma Jag Lynx ** tableau 1. How much total estimated warranty expense does Arctica report for the current year? 2. Record the adjusting entry at year-end of the current year to recognize warranty expense. 3. A customer brings in a snowmobile for warranty repairs on January 15 of the following year and the replacement parts ca Record the journal entry for this repair Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 How much total estimated warranty expense does Arctica report for the current year? Total estimated warranty expense Required 2 > Puma Jag Lynx tableau 1. How much total estimated warranty expense does Arctica report for the current year? 2. Record the adjusting entry at year-end of the current year to recognize warranty expense. 3. A customer brings in a snowmobile for warranty repairs on January 15 of the following year and the replacement parts cost $700. Record the journal entry for this repair Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 How much total estimated warranty expense does Arctica report for the current year? Tot estimated warranty expense Required 2 > Required 1 Required 2 Required 3 Record the adjusting entry at year-end of the current year to recognize warranty expense. View transaction list Journal entry worksheet Record the estimated warranty expense. Note: Enter debits before credits General Journal Date Dec 31 Debit Credit Prev 1 of 1 l Next Journal entry worksheet Record the cost of warranty repairs. Note: Enter debits before credits. Date General Journal Debit Credit Jan 15 Record entry Clear entry View general journal Required 2