Sarasota Factory provides a 2-year warranty with one of its products which was first sold in 2017. Sarasota sold $1,024,400 of products subject to the warranty. Sarasota expects $128,520 of warranty costs over the next 2 years. In that year, Sarasota spent $74,030 servicing warranty claims. Prepare Sarasota?s journal entry 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" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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