Early in 2020, Oriole Equipment Company sold 500 Rollomatics at $6,300 each. During 2020 , Oriole spent $20,000 servicing the 2 year assurance warranties that accompany the Rollomatic. All sales transactions are on a cash basis. Prepare 2020 entries for Oriole assuming that the warranties are not an integral part of the sale (a service-type warranty). Assume that of the sales total, $55,000 relates to sales of warranty contracts.Warranty costs incurred in 2020 were $20,000. Estimate revenues to be recognized on a straight-line basis. (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. Round intermediate calculations to 5 decimal places, e.g. 1.54657 answers to 0 decimal places, e.g. 5,125. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Sales Revenue Unearned Warranty Revenue Warranty Expense Cash Dec. 31,2020 Unearned Warranty Revenue Warranty Revenue (To record warranty revenue)