Woodmier Lawn Products introduced a new line of commercial sprinklers in $2023$ that carry a one$-$year warranty against manufacturer's defects. Because this was the first product for which the company offered a warranty, trade publications were consulted to determine the experience of others in the industry. Based on that experience, warranty costs were expected to approximate $2\%$ of sales. Sales of the sprinklers in $2023$ were $$3\mathrm{.}0$ million. Accordingly, the following entries relating to the contingency for warranty costs were recorded during the first year of selling the product:

General Journal Debit Credit

Accrued liability and expense

Warranty expense $(2\%\backslash$times $$3,000,000)60,000$

Warranty liability $60,000$

Actual expenditures $($summary entry$)$

Warranty liability $26,000$

Cash $26,000$

In late $2024,$ the company's claims experience was evaluated and it was determined that claims were far more than expected$3\%$ of sales rather than $2\%.$

Required:

Assuming sales of the sprinklers in $2024$ were $$4\mathrm{.}1$ million and warranty expenditures in $2024$ totaled $$93,000,$ prepare any journal entries related to the warranty.

Assuming sales of the sprinklers were discontinued after $2023,$ prepare any journal entry$($s$)$ in $2024$ related to the warranty.