Early in 2017, Martinez Equipment Company sold 500 Rollomatics during 2017 at $6,100 each. During 2017, Martinez spent $21,000 servicing the 2-year assurance warranties that accompany the Rollomatic. All applicable transactions are on a cash basis. Your answer is partially correct. Try again. Prepare 2017 entries for Martinez. Assume that Martinez estimates the total cost of servicing the warranties will be $55,000 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.) Date Account Titles and Explanation Debit Credit Cash At Sale 3050000 Sales Revenue 3050000 21000 During 2017Warranty Expense Warranty Liability 21000 34000 Dec. 31, 20174Warranty Expense Warranty Liability 34000