Saran Digital, Inc. starts the year with $3,500 in its Estimated Warranty Payable account

Saran Digital, Inc. starts the year with $3,500 in its Estimated Warranty Payable account. During the year, there were $226,000 in sales and $5,000 in warranty repair payments. Saran Digital estimates warranty expense at 4% of sales. The Warranty Expense for the year is ________.Please show all steps

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