C 958-10-65-2. Happy Travels Agency, Inc. sells tickets for a cruise on DreamCruise Lines to Big Box Company employees. The total cruise package price to Big Box employees is $80,000. Happy Travels Agency receives a commission of 5% of the total price. Happy Travels Agency then remits $76,000 to DreamCruise Lines. Prepare the journal entry that Happy Travels Agency, Inc. will make to record (1) the receipt of $80,000 from Big Box Company employees for the cruise packages and (2) the remittance to DreamCruise Lines and revenue recognized by Happy Travels Agency on this transaction. Northern, Inc. sold 10 snowplows that attach to the front of trucks on December 31, 2020, at a total price of $100,000, with a warranty guarantee that the product was free of any defects. These warranty guarantees extend for a two-year period and are estimated to cost $3,000. Northern, Inc. also sold extended warranties (service-type warranties) related to eight plows for two years beyond the two-year period for a total of $16,000. Determine the amounts to report for the following accounts at December 31, 2020: AMOUNTS AMOUNTS REPORTED IN INCOME: Sales Revenue Warranty Expense AMOUNTS REPORTED ON THE BALANCE SHEET: Cash Unearned Service Revenue Warranty Liability