Dynamo Corporation manufactures toasters. Each toaster comes with a 5 -yoar assurance-typo warranty. The toasters sell for $60 each, During Year 1 , Dynamo sells 600 toasters. Past experience shows that the average warranty costs are $4 each or $2,400 for these toasters. In Yoar 1 , Dynamo spends $500 for warranty costs on the toasters sold that year. Requlred: Prepare Dynamo's journal entries related to the sales and warranty in Year 1. Propare Dynamo's joumal entries related to the sales and warranty in Year 1 on December 31