13. Central Products sells a certain press for $20,000. Included in this price is an implied service contract of $800. Fifty machines were sold in 2020. Warranty expense incurred during 2020 amounted to $25,000. The company uses the sales warranty accrual method. Which entry would probably not be made in 2020? a. Unearned Warranty Revenue Warranty Revenue b. Cash Sales Unearned Warranty Revenue 25,000 1,000,000 25,000 960,000 40,000 c. Cash 40,000 40,000 Warranty Revenue d. Warranty Expense Cash 25,000 25,000 14. The Oklahoma Company includes a premium in each box of its cereal. For five premiums plus $1.50, customers are entitled to a plastic doll that costs Oklahoma $4. Oklahoma expects 40% of the premiums to be redeemed. In 2020, Oklahoma sold 600,000 boxes of cereal and distributed 20,000 dolls. What is Oklahoma's estimated liability for unredeemed premiums on December 31, 2020? a. $30,000 b. $ 70,000 c. $ 80,000 d. $160,000