Erin Company sells televisions at an average price of $610 and also offers to each customer a separate 3-year service-type warranty contract for $90 that requires the company to perform periodic services and to replace defective parts. During 2014, the company sold 300 televisions and 170 warranty contracts for cash. It estimates the 3-year warranty costs as $20 for parts and $40 for labor per television and accounts for warranties separately. Assume sales occurred on December 31, 2014, and straight-line recognition of warranty revenues occurs. In 2015, Erin Company incurred actual costs relative to 2014 television warranty sales of $1,120 for parts and $2,240 for labor. Required (a) Record any necessary journal entries in 2014. (b) Record any necessary journal entries in 2015 relative to 2014 television warranties