Renuka provides 2 years of standard warranty on all its products, and customers can purchase 2 years of additional warranty (extended warranty) for $40. Average selling price of Renuka's products is $75. Renuka estimates that 1.5% of its products sold will return for warranty claims within the first two years. It is also estimated that average warranty repair cost $22. Renuka's sales figures and warranty information are given below Based on the information on Warranty, Prepare Warranty Related Journal Entries for Feb 28, 2021 Fiscal Year 2019 2020 2021 (Mar- Feb) Sales (Units) 125,000 134,000 165,000 Extended Warranty Sold 11,000 14,000 19,000 (number) Warranty Provided 1,678 2,850 3,500 (Units) Actual Repair Cost ($) 42,000 66,300 85,200 Please prepare: A)Assurance Type Warranty J/E, Feb 28, 2021 B) Service Type Warranty J/E, Feb 28, 2021