On January 1,2023, Blossom Ltd, sold on account 800 units of its product for a total price of $525,000 and a cost of $445,000. The products have a one-year assurance-type warranty and Blossom estimates that the cost will be $22,000. By the company's year-end December 31,2023 , actual warranty costs related to the products sold was $17,200, paid in cash. Prepare all appropriate journal entries including the sale of merchandise. (Credit occount titles ore outomatically indented when the amount is entered. Do not indent manuolly. If no entry is required, select "No Entry" for the occount titles and enter Ofor the amounts. List aif debit entries before credit entries. Record joumal entries in the order presented in the problem.) - (To record the sale) (To record the cost of goods sold)