Sunland Company sold 13,500 Super Spreaders on July 1, 2020, at a total price of $1,400,000, with a warranty guarantee that the product was free of any defects. The cost of the spreaders sold is $580,000. The assurance warranties extend for a two-year period and are estimated to cost $41,500. Sunland also sold extended warranties (service-type warranties) related to 1,500 spreaders for two years beyond the two-year period for $14,500. Prepare the journal entries that Sunland should make in 2020 related to the sale and the related warranties.