Cullumber Company began selling game consoles on November 1, 201?.111e company offers a ?5-day warranty for defective merchandise. Based on past experience with other similar products, lCullumber estimates that 2.50% of the units sold will become defective in the warranty period, and that the average cost of replacing or repairing a defective unit is $20. In November, Cullumber sold 2?,000 units and 410 defective units were returned. In December, Cullumber sold 35,000 units and 600 defective units were returned. The actual cost of replacing the defective units was $20,200. Prepare a journal entry to accrue for the estimated warranty costs for the November and December sales at December 31, 201?. {Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter 0 for the amounts.) Date Aocount Titles and Explanation Debit Credit \"Mil Vll ll | | Vii ii i Prepare one summary journal entry at December 31. 201?. to record the cost of replacing the defective game consoles returned during November and December. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "Ne En try" for the account titles and enter 0 for the airlounts.)I Date Aocount Titles and Explanation Debit Credit \"mil V|i ll | | Vii ii i What amounts will be included in Cullumber's 2017 income statement and balance sheet at December 31, 2017, with regard to the warranty? Income statement (Operating expenses) $ Balance sheet (Current Liabilities)