Blue Corp sells extended 5-year warranty for $60 per product. On Jan 1, 2020, Blue sold 100 extended warranties and incurred $1,000 related to servicing the warranties during 2020. Assume Brown uses a straight-line basis in the recognition of warranty revenue. Which one of the following is the correct journal entry to record the warranty revenue in 2020? Debit Deferred warranty revenue $1,200; Credit Warranty revenue $1,200 Debit Cash $10,000; Credit Warranty revenue $10,000 Debit Warranty revenue $12,000; Credit Cash $12,000 Debit Cash 12,000; Credit Warranty expense $12,000