Prepare one summary journal entry at December 31, 2024, to record the cost of replacing the defective game consoles returned during November and December. (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 O for the amounts. List debit entry before credit entry.) Sunland Inc. began selling game consoles on November 1,2024 . The company offers a 60-day warranty for defective merchandise. Based on past experience with other similar products, Sunland estimates that 2.20% of the units sold will become defective in the warranty period, and that the average cost of replacing or repairing a defective unit is $16. In November, Sunland sold 34,000 units and 470 defective units were returned. In December, Sunland sold 55,000 units and 660 defective units were returned. The actual cost of replacing the defective units was $14,464. What amounts will be included in Sunland's 2024 income statement and balance sheet at December 31, 2024, with regard to the warranty? Prepare a journal entry to accrue for the estimated warranty costs for the November and December sales at December 31, 2024. (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. List debit entry before credit entry.)