On January 2, 2017, Cicco Corp. sold a piece of equipment along with a three-year extended warranty for a total selling price of $2,600. The original cost of the equipment to Cicco Corp. was $1,400. The selling price of the equipment included a one-year warranty that began on the date of purchase. The extended warranty period started immediately following the expiration date of the one-year warranty. The stand-alone selling prices of the equipment and the three-year extended warranty are as follows: Equipment $2,000 Three-year extended warranty $ 800 The extended warranty service is provided evenly over the three-year warranty period. Required: Prepare the journal entries relating to this transaction at January 2, 2017, and at December 31, 2019. (Assume that the journal entries to expense any costs of providing the extended warranty service have already been prepared.)