27) Bach. Co. presents the following information for 2015 and 2016. 2015 information: Sales on account in the amount of $$645,000 Warranty expense and associated liability in the amount of $125,000 No other expenses incurred. 2016 information: Sales on account in the amount of $225,000 Warranty repairs made in the amount of $65,000 No expenses incurred Requirement: Prepare the journal entries for 2015 and 2016 to record the sales, warranty, and income tax transactions, assume a 40% tax rate. (4 points)