Question One Simplesalescompany sold 6000washing machines on March 10, 2016, for $5,000 apiece, together with a 1-year warranty.Maintenance on each washing machine during the warranty period is estimated to be $420. Actual warranty costs (inventory) incurred in 2016were $ 25,000.Required:

-Prepare entries to record the following:

a) Saleof the washing machines.

(30 points)Explain the six major categories ofIntangible Assets?

b) Related warranty costs.

c) The accrual on December 31, 2016.