Ohnaka Trading provides one$-$year warranty on all items it sells. The following table provides information related to warranties on items Ohnaka sold in $2023.$

Ohnaka Trading estimates that future warranty costs will be $4\mathrm{.}8\%$ of its sales. In $2023,$ Ohnaka sold $$1,414,000$ of products.

Write the journal entry that Ohnaka Trading would record in $2023$ to account for its future warranty obligations.

In $2024,$ Ohanka had actual cash expenditures related to warranties on items it sold in $2023$ of $$62,637.$

Write the journal entry that Ohnaka Trading would record in $2024$ to account for its warranty expenditures during the year.