Martinez Factory provides a 2-year warranty with one of its products which was first sold in 2017. Martinez sold $1,022,800 of products subject to the warranty. Martinez expects $119,130 of warranty costs over the next 2 years. In that year, Martinez spent $63,630 servicing warranty claims. Prepare Martinezs journal entry to record the sales (ignore cost of goods sold) and the December 31 adjusting entry, assuming the expenditures are inventory costs.