On December $1,$ Home Store sells a mower $($that costs $$220)$ for $$520$ cash with a one$-$year warranty that covers parts. Warranty expense is estimated at $8\%$ of sales. On January $24$ of the following year, the mower is brought in for repairs covered under the warranty requiring $$36$ in materials taken from the Parts Inventory.

Prepare the December $1$ entry to record the mower sale $($and cost of sale$),$ the December $31$ adjusting entry for estimated warranty liability, and the January $24$ entry to record the warranty repairs.

Note: Round your answers to $2$ decimal places.