Max sales company sold 4000 washing machines on March 10, 2012, for $5,000 a piece, together with a 1-year warranty. Maintenance on each washing machine during the warranty period is estimated to be $200. Actual warranty costs (inventory) incurred in 2012 were $ 10,000. Required: - Prepare entries to record the following:

a) Sale of the washing machines. (20marks)

b) Related warranty costs. (20marks)

c) The accrual on December 31, 2012. (30marks)