Early in 2020, Pina Equipment Company sold 500 Rollomatics at $6,100 each. During 2020, Pina spent $22,000 servicing the 2-year assurance warranties that accompany the Rollomatic. All sales transactions are on a cash basis. Your answer is partially correct. Prepare 2020 entries for Pina. Assume that Pina estimates the total cost of servicing the warranties in the second year will be $30,000. (if no entry is required, select "No Entry" for the account titles and enter Ofor 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.) 2 Account Titles and Explanation Debit Credit Cash 3050000 Sales Revenue 3050000 20 Warranty Expense 22000 Cash 22000 120 Warranty Expense 8000 Warranty Liability 8000