Wildhorse Corporation sells computers under a 2-year warranty contract that requires the corporation to replace defective parts and to provide the necessary repair labor. During 2020, the corporation sells for cash 395 computers at a unit price of $2,390. On the basis of past experience, the 2-year warranty costs are estimated to be $158 for parts and $208 for labor per unit. (For simplicity, assume that all sales occurred on December 31, 2020.) The warranty is not sold separately from the computer. (a) Record any necessary journal entries in 2020. (If no entry is required, select "No Entry"for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer (b) What liability relative to these transactions would appear on the December 31, 2020, balance sheet and how would it be classified? Wildhorse Corporation Balance Sheet (Partial) $ $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer (C) In 2021, the actual warranty costs to Wildhorse Corporation were $22,590 for parts and $40,840 for labor. Record any necessary journal entry in 2021. (if no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit