Part 2: How does Balakrishnan classify the liability for the assurance-type warranty and the unearned revenue under the service-type warranty contract on the balance sheet at the end of the year in the year of the sale? (If an input field is not used in the table leave the input field empty; do not enter a zero.) Review the journal entries prepared in Part 1. Liability Current Contingent Warranty Liability Noncurrent Uneamed Warranty Revenue Part 3: Record the journal entry necessary to record the estimated liability under the assurance-type warranty for the next year (i.e., the year following the current year), assuming that total sales amounted to $16,580,000. Assume no warranty claims were made in year 2. (Record debits first, then credits. Exclude explanations from any journal entries.) Subsequent Year Account