4 E13-13 (Warranties) Selzer Equipment Company sold 500 Rollomatics during 2015 at $6,000 e During 2015, Selzer spent $30,000 servicing the 2-year assurance-type warranties that accompany lomatic. Instructions (a) Prepare 2015 entries for Selzer assuming that Selzer estimates the total cost of servicing the warranties will be $120,000 for 2 years. (b) Prepare 2015 entries for selizer assuming that the waranties are service-type warranties and are not considered part of the sale of the Rollomatics. Assume that of the sales total of the Rollomatics, $160,000 relates to sales of warranty contracts. Selzer estimates the total cost of servicing the warranties will be $120,000 for 2 years. Estimate revenue related to the service- type warranties