On 30 Apeil 20X2. Neuman Lid. sells a product to a customer for $564,000. The product carries a one-year assurance warranty. Neuman management estimates that the probable cost of fulfilling the warranty will be $47.000. Between 1 May and 31 December 202, the actual warranty cost was $18,800. On 31 December 202, management decides that the probable additional warranty cost will be no more than $12,500. Between 1 January and 30 April 203, the additional cost was $10,900. Required: 1. Prepare the entries conceming the sale and the warranty for 30 April 202 through 30 April 203. (If no entry is required for a transoction/event, select "No journal entry required" in the first account field.) Viow transaction list (1) Record the sales (Assume credit sales). (2) Record the set up estimated warranty provision. (3) Record the costs incurred. 4. Record the reduce warranty provision to new estimate. (5) Record the costs incurred. 6. Record the unused warranty provision. Note : = journal entry has been entered 2. Assume instead that the warranty now includes service and is sold separately with a stand alone value of $74,000. The product has a stand-alone value of $572,500 and the total contract is $564,000. Prepate the relevant journal entries for 30 April 202 through 30 April 20X3. (if no entry is required for a transoction/event, select "No journal entry required" in the first occount field. Round intermediate calculations to one decimal ploce.)