Save Answer uestion 10 1 points HAMALA Co. provides a two-year warranty on parts of equipments. In 2020 the company sales were $270,000. Based on its past experience, HAMAL Co. estimates the needed warranty expense being 4% of its sales. During 2020, the company used $3,000 of parts inventory to repair the equipment. Required: prepare the journal entry to record ONLY the warranty liability in 2020. YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM: Dr. Cash 10,000 Cr. Land 10,000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). R TU S Paragraph Arial T: > 1 V 14px V