Elizabeth factory provides a 2-year warranty with one of its products which was first sold in 2000 . Elizabeth 501d$51.540000 of prodicts subject to the warranty. Elizabeth expects $192.500 of warranty costs over the next 2 years. In 2020,5 treep spent $65,000 servicing warranty claims. Prepare Elizabeth's journal entries in 2020 to recard the sales of its products, the costs incurred in honoring the warranties karcame expenditunes are for repair costs), and the estimated liability for warranties at December 31, 2020. (Credle actount ticles ert automaticolly indented when the amount is entered. Do not indent manuolly if no entry brequined select "Vibo Entry" for the occount fities and enter O for the arsounts, Record journal entries in the order presented in the protlem)