bokmarks People Tab Window Help 45% D Mon 9:26 PM Leo Healya Search Textbook Solutions C x : Chapter 8 Handout with Parti X + Assignment/takeAssignment Main.do?invoker=&takeAssignmentSessionLocator &inprogress false eBook Calculator Brief Exercise 8-56 (Algorithmic) Warranties In 2019, Lee Electronics, a franchise of electronics stores located in small towns throughout the United States, sold 770 32 inch televisions for $580 each. The televisions carry an attached 3-year warranty for repairs. Lee Electronics estimates that repair costs will average 4.5% of the total selling price Required: 1. How much is recorded in the Warranty Liability account as a result of selling the televisions during 2019, assuming no warranty service has yet been performed? s estimated warranty liability 2. Provide the necessary adjusting entry at December 31 (Record warranty expense)