On 30 April 20x2, Neuman Ltd. sells a product to a customer for $636,000. The product carries a one-year assurance warranty. Neuman management estimates that the probable cost of fulfilling the warranty will be $53,000. Between 1 May and 31 December 20x2, the actual warranty cost was $21,200. On 31 December 20X2, management decides that the probable additional warranty cost will be no more than $13,900. Between 1 January and 30 April 20x3, the additional cost was $11.900. Required: 1. Prepare the entries concerning the sale and the warranty for 30 April 20x2 through 30 April 20x3. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list X > 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. Credit o Record the unused warranty provision Note: = journal entry has been entered