Pina Company sells televisions at an average price of $979 and also offers to each customer a separate 3-year warranty contract for $90 that requires the company to perform periodic services and to replace defective parts. During 2020, the company sold 297 televisions and 217 warranty contracts for cash. It estimates the 3-year warranty costs as $18 for parts and $38 for labor, and accounts for warranties separately. Assume sales occurred on December 31, 2020, and straight-line recognition of warranty revenues occurs. (a) Record any necessary journal entries in 2020. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts What liability relative to these transactions would appear on the December 31, 2020, balance sheet and how would it be classified? Pina Company Balance Sheet (Partial) $ In 2021, Pina Company incurred actual costs relative to 2020 television warranty sales of $1,960 for parts and $3,630 for labor. Record any necessary journal entries in 2021 relative to 2020 television warranties. Use "Inventory" account to record the warranty expense. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record the warranty revenue earned.) (To record the warranty expense.) What amounts relative to the 2020 television warranties would appear on the December 31, 2021, balance sheet and how would they be classified? Pina Company Balance Sheet (Partial) $ $