E$13\mathrm{.}13($LO $2)($Warranties$)$ Early in $2022,$ Sheryl Crow Equipment sold $500$ Rollomatics at $6,000$ each. During $2022,$ Crow spent $20,000$ servicing the $2-$year assurance warranties that accompany the Rollomatic. All applicable transactions are on a cash basis.Instructionsa. Prepare $2022$ entries for Crow. Assume that Crow estimates the total cost of servicing the warranties will be $55,000$ for $2$ years.b$.$ Prepare $2022$ entries for Crow assuming that the warranties are not an integral part of the sale $($a service$-$type warranty$).$ Assume that of the sales total, $56,000$ relates to sales of warranty contracts. Crow estimates the total cost of servicing the warranties will be $55,000$ for $2$ years.Estimate revenues to be recognized on a straight$-$line basis.