Tableau DA 9-2: Exercise, Warranty expense and liability computations and entries LO P4 We are hired as consultants to assist Arctica Co. In accounting for Its warranty expenses. Arctica offers a one-year warranty covering parts on each snowmobile it sells. The following Tableau Dashboard is provided to assist us. Estimated Warranty Expense vs. Actual Warranty Claims $25,000 $20,000 | Actual Warranty Claims Estimated Warranty Expense $15,000 $10,000 $5,000 $0 3 Years Ago 4 Years Ago 2 Years Ago 1 Year Ago Estimated Warranty Expense Percentage by Model Current Year Sales by Model 8% 7% 6% AM Puma 5% Jag 4% 3% 2% Lynx 1% 0% Lynx ableau Puma Jag 1. How much total estimated warranty expense does Arctica report for the current year? 2 Record the adjusting entry at year-end of the current year to recognize warranty expense 3. A customer brings in a snowmobile for warranty repairs on January 15 of the following year and the replacement parts cost $700. Record the Journal entry for this repalr. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 How much total estimated warranty expense does Arctica report for the current year? Total estimated warranty expense Required 1 Required 2 Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Record the adjusting entry at year-end of the current year to recognize warranty expense. View transaction st Journal entry worksheet