Bach. Co. presents the following information for 2018 and 2019.

2018 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.

2019 information:

Sales on account in the amount of $225,000

Warranty payments made in the amount of $65,000

No expenses incurred.

Required:

Prepare the journal entries for 2018 and 2019 to record the sales, warranty, and income tax transactions, assume a 40% tax rate.