Can someone please neatly explain the second part of the question solution. I understand the first set of entries not the second.

On 30 April 20X2, Neuman Ltd. sells a product to a customer for $708,000. The product carries a one-year assurance warranty. Neuman management estimates that the probable cost of fulfilling the warranty will be $59,000. Between 1 May and 31 December 20X2, the actual warranty cost was $23,600. On 31 December 20X2, management decides that the probable additional warranty cost will be no more than $15,700. Between 1 January and 30 April 20X3, the additional cost was $13,700. Required: 1. Prepare the entries concerning the sale and the warranty for 30 April 20X2 through 30 April 20X3. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) General Journal Debit No Date Credit Required: 1. Prepare the entries concerning the sale and the warranty for 30 April 30 April 20X3. (If no entry is required for a transaction/event, select entry required" in the first account field.) General Journal Date Debit Credit No 708,000 Accounts receivable 1 30 April 20X2 Sales revenue 708,000 Warranty expense 2 30 April 20X2 59,000 Provision for warranty 59,000 31 December 20X2 23,600 Provision for warranty Cash 23,600 31 December 20X2 19,700 Provision for warranty Warranty expense 19,700 13,700 Provision for warranty 30 April 20X3 Cash 13,700 30 April 20X3 2,000 6 Provision for warranty Warranty expense 2,000 2. Assume instead that the warranty now includes service and is sold separately with a stand-alone value of $93,000. The product has a stand-alone value of $719,500 and the total contract is $708,000. Prepare the relevant journal entries for 30 April 20X2 through 30 April 20X3. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round intermediate calculations to one decimal place.) No Date General Journal Debit Credit 30 April 20X2 708,000 1 Accounts receivable Sales revenue 627,288 Contract liability-warranty 80,712 31 December 2 Warranty expense 23,600 20X2 23.600 Cash 31 December 20X2 Contract liability-warranty 3 53,808 Sales revenue 53,808 30 April 20X3 Warranty expense 13,700 4 Cash 13,700 5 30 April 20X3 Contract liability-warranty 26,904 Sales revenue 26,904 Explanation: 2. This contract now has multiple performance obligations and so the contract consideration has to be allocated between the product and the warranty. The consideration is allocated based on relative stand-alone values as follows: Stand-alone fair values Percentage Allocation Product 719,500 88.6% 627,288 80,712 Warranty 93,000 11.4% 812,500 708,000