Riverbed Factory provides a $2-$year warranty with one of its products which was first sold in $2025.$ Riverbed sold $$932,500$ of products subject to the warranty. Riverbed expects $$137,130$ of warranty costs over the next $2$ years. In that year, Riverbed spent $$66,530$ servicing warranty claims. Prepare Riverbed's journalentry to record the sales $($ignore cost of goods sold$)$ and the December $31$ adjusting entry, assuming the expenditures are inventory costs. $($If no entry is required, select $"$No Entry $\text{'}$ for the account titles and enter $0$ for the amounts. Credit acoount titles are automatically indented when amount is entered. Do not indent manually List all debit entries before credit entries$)$

Date Account Titles and Explanation

During $2025$ Debit

$($To record payment for warranty costs incurred$)$

$($To record sales$)$

$\frac{12}{31}\frac{?}{25},$ Cash