Hello, I cant resolve this question if you can show me the journal entries for each year (the solution is included but i cant seem to know how to obtain it)

Note: in this exercise, more than one answer option might be correct. ABC Company is a manufacturer of blenders, and sells its finished goods with a two-year warranty. In case the blender is defective, and the warranty is exercised by the client, then ABC refunds the client cash for an amount corresponding to the price paid by the client. Defective blenders are worth zero, so they are not fixed but instead, thrown in the garbage. Assuming that: - in 2018, the company sells for cash 100 blenders for euro 25 each - cost of goods sold is euro 18 for each blender - all the blenders sold in 2018 were manufactured in 2017 (= all the blenders were in the 2018 Beginning Inventory, ready for sale) - at the end of 2018, ABC estimates that five of the blenders sold in 2018 will result to be defective in 2019 and 2020 - during 2019, 4 blenders result to be defective - during 2020, 1 blender results to be defective Assuming also that no other events (apart those listed above) affect the financial statements of the company in 2018, 2019 and 2020; Required: in light of the above, please select only the TRUE sentence(s) among those listed below: Hint: prepare the journal entries before answering. Selected Answers: Answers: In 2020, in the journal entries of the year, ABC Company credits the "cash" account for a total of euro 18 Expenses in the Income Statement 2019 are euro 100 Overall, "total assets" are higher for euro 2.500 in the 2018 Balance Sheet than in the 2017 Balance Sheet In 2020, in the journal entries of the year, ABC Company credits the "cash" account for a total of euro 18 Total liabilities in the Balance Sheet 2018 are euro 125 Sales occurred in 2018 are recorded as "sales revenues" in 2020, due to the fact that until the end of 2020 , clients can exercise th warranty Required: in light of the above, please select only the TRUE sentence(s) among those listed below: Hint: prepare the journal entries before answering. Selected Answers: Answers: In 2020, in the journal entries of the year, ABC Company credits the "cash" account for a total of euro 18 Expenses in the Income Statement 2019 are euro 100 Overall, Total assets" are higher for euro 2.500 in the 2018 Balance Sheet than in the 2017 Balance Sheet In 2020, in the journal entries of the year, ABC Company credits the "cash" account for a total of euro 18 Total liabilities in the Balance Sheet 2018 are euro 125 Sales occurred in 2018 are recorded as "sales revenues" in 2020, due to the fact that until the end of 2020, clients can exercise th warranty Net profit 2018 is ouro 700 Expenses in the Income Statement 2019 are euro 100 Total "sales revenues" credited in the joumal entries 2018 are euro 2.500 Net profit 2019 is zero Overall, between January 1, 2018 and December 31, 2020 "Retained Eamings" increase for euro 575