Your answer is partially correct. Bridgeport Factory provides a 2-year warranty with one of its products which was first sold in 2025. Bridgeport sold $1,024,400 of products subject to the warranty. Bridgeport expects $128,520 of warranty costs over the next 2 years. In that year, Bridgeport spent $74,030 servicing warranty claims. Prepare Bridgeport'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. List all debit entries before credit entries) Date Account Titles and Explanation During 2025 Accounts Receivable 54'9 Sales Revenue Debit Credit 1024400 1024400 Date Account Titles and Explanation Debit During 2025 Accounts Receivable 12/31/25 Sales Revenue (To record payment for warranty costs incurred) Warranty Expense Inventory (To record sales) Warranty Expense Warranty Liability 1024400 74030 54490 Credit 1024400 74030 54490