2. Wellefson Equipment Company sells computers for $2,000 each and also gives each customer a 1-year warranty that requires the company to perform periodic services and to replace defective parts. During 2020, the company sold for cash 500 computers that had a cost of $700 each. Based on past experience, the company has estimated warranties to be 3% of sales. During 2020, the Company reimbursed customers for 10 defective computers, which were returned to the manufacturer. Record the journal entries to reflect the above transactions (accrual method) for 2020. Assume sales are on a cash basis and that a perpetual inventory system is used