Catskills Equipment guarantees its snowmobiles for three years. Company experience indicates that warranty costs will be approximately 6% of sales. Assume that the Catskills Equipment dealer in Colorado Springs made sales totaling $450,000 during 2025. The company received cash for 40% of the sales and notes receivable for the remainder. Warranty payments totaled $15,000 during 2025. Read the requirements. To accrue warranty payable. Record the warranty payments for the company. Date Accounts and Explanation Debit Credit 2025 Estimated Warranty Payable 15,000 Cash 15,000 Warranty payments. Requirement 2. Assume the Estimated Warranty Payable is $0 on January 1, 2025. Post the 2025 transactions to the Estimated Warranty Payable T-account. At the end of 2025, how much in Estimated Warranty Payable does the company owe? Use the T-account to determine the ending balance for the Estimated Warranty Payable account. Use a "Beg. Bal." posting reference to show the beginning balance of the account and an "End. Bal." posting reference to show the ending balance of the account. (Enter a 0 for any zero amounts.) Estimated Warranty Payable