dditional Problem 11 On January 1, 2017, Cullumber Ltd. sold on account 1,300 units of its product for a total price of $561,000 and a cost of $465,000. The products have a one-year assurance-type warranty and Cullumber estimates that the cost will be $22,800. By the companys year-end December 31, 2017, actual warranty costs related to the products sold was $19,300, paid in cash. Prepare all appropriate journal entries including the sale of merchandise. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit January 1/17 (To record the sale) (To record the cost of goods sold) (To record warranty costs)