On 30 April 202, Neuman Ltd. sells a product to a customer for $600,000. The product carrles a one-year assurance warranty. Neuman management estimates that the probable cost of fulfilling the warranty will be $50,000. Between 1 May and 31 December 202, the actual warranty cost was $20,000. On 31 December 202, management decides that the probable additional warranty cost will be no more than $13,000. Between 1 January and 30 April 203, the addlitional cost was $11,000. Required: 1. Prepare the entrles concerning the sale and the warranty for 30 April 202 through 30 Aprll 203. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 2. Assume instead that the warranty now Includes service and is sold separately with a stand-alone value of $75,000. The product has a stand-alone value of $580,000 and the total contract is $600,000. Prepare the relevant journal entrles for 30 April 202 through 30 April 203. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round Intermedlate calculations to one decimal place.)