On December 31, 2014, Grardo Company sells production equipment to Fargo Inc. for $85,000. Grando includes a 1-year assurance warranty service with the sale of all its equipment. The customer receives and pays for the equipment on December 31, 2014. Grando estimates the prices to be $82.960 for the equipment and $2,040 for the cost of the warranty. Prepare the journal entry to record this transaction or December 31. 2014. Repeat the requirements for (a), assuming that ir addition to the assurance warranty. Grardo sold an extended warranty (service-type warranty) for an additional 2 years (2016=2017) for $1,360