Blue Spruce Corp. provides at no exrtra charge a two$-$year warranty with one of its products,which was first sold in $2023.$ In that year,Blue Spruce sold products for $$2\mathrm{.}67$ million and spent $$60,900$ servicing warranty claims. At year end, Blue Spruce estimates that an additional $$512,700$ will be spent in the future to service warranty claims related to the $2023$ sales. Prepare entries for the warranty that recognizes the sale as a multiple deliverable with the warranty as a seperate service that Blue Spruce bundled with the selling price of the product. Ignore any cost of goods soldentry. Salesin $2023$ occurred evenly throughout the year. Warranty agreements similar to this are available seperately, are estimated to have a stand$-$alone valueof $$635,000,$ and areearned over the warranty period as follows: $2023,25\%$; $2024,50\%$; and $2025,25\%.$ Also prepare the entries to record the $$60,900$ expenditure for servicing the warranty during $2023,$ and the adjustingentry required at year end, if any, under the revenue approachused for service$-$type warranties. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. Listall debt entries before credit entries. If no entry is required $,$ select"No Entry" for the account titles and enter $0$ for the amounts. $($To record cash sale$),($To record warranty expense$),($To record year$-$end adjustment$)$