Tamarisk Inc. manufactures and sells computers that include an assurance-type warranty for 90 days. Tamarisk offers an optional extended coverage plan under which it will repair or replace any defective part for three years from the expiration of the assurance-type warranty. Because the optional extended coverage plan is sold separately, Tamarisk determines that the three years of the extended coverage represent a separate performance obligation. The total transaction price for the sale of a computer and the extended warranty is $3,480 on October 1, 2017, and Tamarisk determines the stand-alone selling price of each is $3,070 and $410, respectively. Further, Tamarisk estimates, based on historical experience, it will incur $200 in costs to repair defects that arise within the 90-day coverage period for the assurance-type warranty. The cost of the equipment is $1,450. Prepare the journal entries to record the sale of the computer, cost of goods sold, and liabilities related to the warranties. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) DateAccount Titles and Explanation Debit Credit October 1, 201 Cash or Accounts Receivable 3480 Warranty Expense Warranty Liability Sales Revenue (To record sales revenue and contract liabilities related to warranties.) October 1, 2017T Cost of Goods Sold Inventory (To record inventory sold and recognize cost of sales.)