Question 8 of 15 View Police Current Attempt in Progress Appliance Resellers Ltd. (ARL) ses pently used and refurbished appliances. The company provides the month and that included in the cost of the place time under the warranties vary from replacing defective parts to providing customers with appliances trains cannot be made. Durin 2020. the imated cost related to the three month www539.600 of which 525.700 had been incurred before year end ($18.000 replacement Appliances and 57.100 for parte For an additional charge of 5120, ARL ofers extended warranty coverage for the anonse amount is expected to cover the costs associated with the extended warrantie Dure 2020. ARL vodema watan The costs incurred during the year for repairs and replacement under these plans touted to $15200 Based on perence the company estimates that its total warranty costs over the three year coverage period will be $45600, which it expects will occarely over the warranty period 1) Prepare journal entries to record the warranty transactions for 2020. debitanter followed by centres Credit account titles are automatically indented when the amount is entered Deer Indent manually. If no entre require select "No entry for the account title and enter for the amounts Account and explanation Debit Credit (To record estimated cost related to 3 months warranties.) /1 To record cost incurred related to 3 month warranties) (TO record sale of Jy extended warranties) (To record cost incurred related to year extended warranties (To record service revenue.)