please answer part two as well under the requirements sections

Homework Overview Th Irth Gadgets showed a balance of $8,000 in Estimated warranty payable at December 31, 2017. In the past, Earth Gadgets' warranty expense has been 3.5 percent of sales. During 2018, Earth Gadgets made sales of $341,000 on account and paid $6,000 to satisfy warranty claims. Read the requirements. Requirement 1. Journalize Earth Gadgets' sales, warranty expense, and cash payments made to satisfy warranty claims during 2018. Explanations are not required. Ignore cost of goods sold. (Record debits first, then credits. Exclude explanations from any journal entries.) Journalize Earth Gadgets' sales. Ignore cost of goods sold. Journal Entry Date Accounts Debit Credit Requirements 1. Journalize Earth Gadgets' sales, warranty expense, and cash payments made to satisfy warranty claims during 2018. Explanations are not required. Ignore cost of goods sold. 2. What balance of Estimated warranty payable will Earth Gadgets report on its balance sheet at December 31, 2018? What amount of warranty expense will Earth Gadgets report on its income statement for the year ended December 31, 2018? Print Done