Adele Associates manufactures and distributes component parts for car audio systems. Adele's assurance-type warranty covers all repair costs, including parts and labor, for 2 years after the date of sale. During the current year, Adele sold $4,300,000 of component parts to several manufacturers of car audio systems. Ignore cost of goods sold. The company estimates that warranty costs will be 9% of sales. Adele did not make any repairs in the year of the sale. However, during the following year, the company incurred $65,000 in warranty claims. The repair costs include $34,000 in parts and $31,000 in labor (unpaid). Adele uses the accrual basis to account for its assurance-type warranty costs. What journal entries are necessary to record these transactions? (Record debits first, then credits. Exclude explanations from any journal entries.) First, record the journal entry for the sale. Do not record the entry for the estimated warranty expense in the year of the sale. We will do that in the next step. Next, record the journal entry for the estimated warranty expense in the year of the sale. Now, record the journal entry for the actual repairs incurred during the following year