Only need help with the last part, please provide its answer in detail.

Blue Spruce Corporation sells home entertainment systems. The corporation also offers to sell its customers a two-year warranty contract as a separate service. During 2017, Blue Spruce sold 16,000 warranty contracts at $97 each. The corporation spent $160,000 servicing warranties during 2017, and it estimates that an additional $640,000 will be spent in the future to service the warranties. Blue Spruce recognizes warranty revenue based on the proportion of costs incurred out of total estimated costs. Question 1 Your answer is correct Prepare Blue Spruce's journal entry for the sale of warranty contracts. (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 0 for the amounts.) Account Titles and Explanation Debit Credit 55200 nearned Warranty Revenu 552000 Attempts: 1 of 3 used Question 1 Your answer is correct. Prepare Blue Spruce's journal entry for the cost of servicing the warranties. (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 0 for the amounts.) Account Titles and Explanation Debit Credit arranty Ex 60,00 Materials, Cash, Payables, etc 260,000 Attempts: 1 of 3 used