4. Le Creuset sells dutch ovens for $250 and offer a lifetime warranty. During the current year, 300 dutch ovens are sold. Because these items are so well made, the company estimates that 1% will have defects at some point during their life. Should a defect exist, the company simply replaces the dutch oven at cost ($85). Journalize (1) the sale of the dutch ovens in aggregate and (2) the entry needed if 2 dutch ovens show defects.