Early in 2020, Nash Equipment Company sold 500 Rollomatics at $5,500 each. During 2020, Nash spent $22,000 servicing the 2- year assurance warranties that accompany the Rollomatic. All sales transactions are on a cash basis. (a) Prepare 2020 entries for Nash. Assume that Nash estimates the total cost of servicing the warranties in the second year will be $38,000. (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. Record journal entries in the order presented in the problem.) Account Titles and Explanation Debit Credit Date Prepare 2020 entries for Nash. Assume that Nash estimates the total cost of servicing the warranties in the second year will be $38,000. (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. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit