Best Buy sold 1 laptop on Dec 1, 2020 at a total selling price of $3,000. The laptops sold include a 1 year manufacturer's assurance type writy guarantee the cost to Best Buy for this laptop is $1000 each. The estimated cost of the 1 year assurance (expense type) waranty is 575 each Best Buy also tries to per chop by encouraging the customer to purchase an extended service type warranty for a price of $200 which will warranty the laptop for an additional 2 years beyond the manufacturer's 1 year warranty period (covers years 2 and 3 after purchase). The customer who bought the laptop decided to also buy the extended service type warranty coverage. Prepare the journal entries that Best Buy should make in 2020 related to this sale and all related warranties and costs