Crane Company sold 410 copy-making machines in 2020 for $3,100 apiece for cash, together with a one-year warranty. Repair costs on each machine are estimated to be $320 during the warranty period. Prepare entries to record the sale of the copiers and the related warranty costs, assuming that the accrual method is used. Actual warranty costs (inventory) incurred in 2020 were $25,600. (If 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 Cash 1271000 Sales 1271000 (To record sales) Warranty Expense (To record warranty costs incurred) (To record warranty liability)