CALCULATOS BTW BACH Bramble company sells a machine for $7,700 with a 12-month warranty agreement that requires the company to roue defective parts and to provide the cost to the customers. With sales being made evenly throughout the year, the company seis 420 machines in 2020 (warranty expenses incurred in 2020 2021). As a result of product testino the company estimates that the warranty cost is $142 per machine (5190 parts and $25 sabor). Use "inventory account to record the warranty expense Assuming that actual warranty costs are incurred exactly as estimated, what journal entries would be made cettive to the following facts? Sale of machinery and warranty expense incurred in 2020. (tr 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.) Account Titles and Explanation Debit Credit (To record sale) (To record warranty expense) Warranty accrual on December 31, 2020. (If ne entry is required, select "No Entry for the account title and enter for the amounts Credit account bites are automatically indented when amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation Version 24 i sent by of Westes Warranty accrual on December 31, 2020. (Ir no entry is required, select "No Entry for the accountries and enter for the amounts. Credit account inter are stomatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Warranty costs incurred in 2021 (If no entry is required, select Entry for the accounties and enter for the amounts Credit account titles are automatically indated when amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation What amount, it any, sosclosed in the balance sheet as ty for future warranty costs as of December 31, 20207 Warranty liability $ Show Work