Prepare 2020 entries for Pharoah assuming that the warranties are not an integral part of the sale (a service-type warranty). Assume that of the sales total, $58,000 relates to sales of warranty contracts.Warranty costs incurred in 2020 were $20,000. Estimate revenues to be recognized on a straight-line basis. (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 Round intermediate calculations to 5 decimal places, eg. 1.54657 answers to 0 decimal places, eg. 5,125. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation (To record warranty revenue) Debit Credit