Early in 2017 Headland Equipment Company sold 500 Rollomatics during 2017 at $5, 400 each. During 2017, Headland spent $22,000 servicing the 2-year assurance warranties that accompany the Rollomatic. All applicable transactions are on a cash basis. Prepare 2017 entries for Headland. Assume that Headland estimates the total cost of servicing the warranties will be $59,000 for 2 years. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare 2017 entries for Headland assuming that the warranties are not an integral part of the sale (a service- type warranty). Assume that of the sales total, $60,000 relates to sales of warranty contracts. Headland estimates the total cost of servicing the warranties will be $59,000 for 2 years. Estimate revenues to be recognized on a straight-line basis. (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. Round intermediate calculations to 5 decimal places, e.g. 1.54657 answers to o decimal places, e.g. 5, 125.)