Blossom Company began selling game consoles on November 1, 2021. The company offers a 75-day warranty for defective merchandise. Based on past experience with other similar products, Blossom estimates that 2.20% of the units sold will become defective in the warranty period, and that the average cost of replacing or repairing a defective unit is $ 20. In November, Blossom sold 38.000 units and 510 defective units were returned. In December, Blossom sold 57,000 units and 500 defective units were returned. The actual cost of replacing the defective units was $ 20,200. Prepare a journal entry to accrue for the estimated warranty costs for the November and December sales at December 31, 2021 (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Dec. 31 (To accrue warranty expense.) Prepare one summary journal entry at December 31, 2021. to record the cost of replacing the defective game consoles returned during November and December. (Credit account titles are automatically indented when the amount is entered. Do not indent manually If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Dec. 31 (To record honouring warranty contracts.) What amounts will be included in Blossom's 2021 income statement and balance sheet at December 31, 2021, with regard to the warranty Income statement (Operating expenses) $ Balance sheet (Current Liabilities) $