On December 31, 2020, Oriole Company sells production equipment to Fargo AG for $41,000. Oriole includes a 1-year warranty service with the sale of all its equipment. The customer receives and pays for the equipment on December 31, 2020. Oriole estimates the prices to be $40,016 for the equipment and $984 for the warranty Prepare the journal entry to record this transaction on December 31, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Date Dec 31 2020 Q Ac A To record the initial transaction) Indicate how much (if any) revenue should be recognized on January 31, 2021, and for the year 2021. (If no revenue should be recognized, please enter 0.) $ Revenue on January 31, 2021 Revenue for the year 2021