Windsor Factory provides a 2-year warranty with one of its products which was first sold in 2020. Windsor sold $1,017,500 of products subject to the warranty. Windsor expects $114,200 of warranty costs over the next 2 years. In that year, Windsor spent $68,050 servicing warranty claims. Prepare Windsor's 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 O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation 2020 Accounts Receivable Sales Revenue (To record sales) During 2020 Warranty Expense 12/31/20 Inventory (To record warranty claims) Warranty Expense Inventory Debit Credit