Teal Factory provides a 2-year warranty with one of its products which was first sold in 2017. Teal sold $986,900 of products subject to the warranty. Teal expects $117,650 of warranty costs over the next 2 years. In that year, Teal spent $65,190 servicing warranty claims. Prepare Teals 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.)