At the beginning of 2022, Dana Cor. sold 500 machines at $6,000 each. During 2022, Dana Cor. spent $20,000 servicing the 2 -year assurancetype warranties that accompany the machines. Assume that Dana Cor. estimates the total cost of servicing the warranties will be $55,000 for 2 years. The journal entry for recording the assurance-type warranty liability at end of the year 2022 is: A. By recording a debit to warranty expense and a credit to warranty liability for $35,000. B. By recording a debit to warranty expense and a credit to warranty liablity for $55,000. C. By recording a debit to warranty expense and a credit to cash/inventory for $35,000. D. By recording a debit to warranty expense and a credit to warranty liability for $20,000