westion 3 (6% Points) The Visiono company sells Television Sets with a 1-year warranty (September 1, 2020 - September 1, 2021). In the past, the company estimates that in the first year of the sale, warranty costs will be $135 per Television Set. Each Television Set is sold for $1,350. Assume that the company sold 880 Television Sets in 2020 and actual warranty costs relating to its 2020 sales were as follows: Year Warranty Expenditures 2020 $35,000 2021 $45,000 Required: Assuming the warranty is an assurance-type, prepare all necessary journal entries for 2020 and 2021. a) Sale of the Television Sets for cash on September 1, 2020. (1 Point) b) The payment or incurrence of the warranty costs to be recorded on December 31, 2020. (1% Points) c) The amount of any additional warranty expense to be recorded on December 31, 2020. (11/2 Points) d) The payment and the incurrence any additional warranty costs to be recorded on September 1, 2021. (2 1/2 Points) (6% Points) Question #14 Assume that the $1,350 selling price, for Question #3 above, that the Visiono Company sells its Television Sets included the cost of the 1-year warranty of $135 per unit. Required: Assuming the warranty is a service-type prepare all necessary journal entries for 2020 and 2021. a) Sale of the Television Sets for cash on September 1, 2020. (1 Point) b) The payment or incurrence of the warranty costs to be recorded on December 31, 2020. (1x Points) c) The amount of warranty revenue to be recorded on December 31, 2020. (1 1/2 points) d) The payment or incurrence of the warranty costs and any associated warranty revenue to be recorded on September 1, 2021. (2 1/2 points)