Marin Factory provides a 2-year warranty with one of its products which was first sold in 2017. Marin sold $940,900 of products subject to the warranty. Marin expects $122,010 of warranty costs over the next 2 years. In that year, Marin spent $74,460 servicing warranty claims. Prepare Marin’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 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)