= Blue Appliances provides a 3-year warranty with one of its products, which was first sold in 2017. Blue sold $2,400,000 of products subject to the warranty. Blue expects $264,000 of warranty costs over the next 3 years. In 2017, Blue spent $138,000 servicing Warranty claims Prepare Blue's journal entries to record the sales Gignore cost of goods sold) and the December 31 adjusting entry, assuming the expenditures are inventory costs Blue now expects future warranty costs of $150,000. Of no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit During 2017 (To record sales) (To record cash spent on servicing warranty claims) Decemebr 31 2017