Early in 2020, Whispering Equipment Company sold 500 Rollomatics at $5.400 each. During 2020, Whispering spent $22.000 servicing the 2-year assurance warranties that accompany the Rollomatic. All sales transactions are on a cash basis. Prepare 2020 entries for Whispering 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.Warranty costs incurred in 2020 were $22,000. Estimate revenues to be recognized on a straight-line basis. (If no entry is required, select "No Entry for the account titles and entero for the amounts. Credit account titles are automatically Indented when amount is entered. Do not indent manually. Round intermediate calculations to 5 decimal places, eg. 1.54657 answers to decimal places, eg. 5,125. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit At Sale V Cash Sales Revenue During 2020 During 2020 Dec 31, 2020 (To record warranty revenue)