Riverbed Appliances provides a 3-year warranty with one of its products, which was first sold in 2017. Riverbed sold $ 1,800,000 of products subject to the warranty. Riverbed expects $ 198,000 of warranty costs over the next 3 years. In 2017, Riverbed spent $ 104,000 servicing warranty claims. Prepare Riverbeds journal entries to record the sales (ignore cost of goods sold) and the December 31 adjusting entry, assuming the expenditures are inventory costs; Riverbed now expects future warranty costs of $ 113,000. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Date Account Titles and Explanation Debit Credit During 2017 Cash 1800000 Sales Revenue 1800000 (To record sales) Warranty Expense 104000 Inventory (Cash, Salaries and Wages Payable) 104000 (To record cash spent on servicing warranty claims) Decemebr 31, 2017 Warranty Expense 94000 Warranty Liability 94000