On January 1, 2023, Blossom Ltd sold on account 800 units of its product for a total price of 5525,000 with a warranty euarantee that the products ware free of any defects. The products have a one year assurance type warranty and Bionsont estimates that the cost will be $22,000. The cost of the units is 5445,000 . In addition, the compary sold extended warranties related to 300 units for a one year period beyond the one year assurance period at a cost of $14,700. By the compary's year end, December 31,2023 , nowarranty conts were incurred, By the compary's year-end, December 31,2024,$7,445 of warranty costs were incurred and paid in cash Prepare the appropriate journal entries for 2023 and 2024 . Predit eccount tites are outornatioally indented when the amount is entered ondit entries. Recond kourm hofries in the order presented in the problem]