i need help with (b)

On January 2, 2025, Ivanhoe Company sells production equipment to Metlock Inc, for $49,000. Ivanhoe includes a 2-year assurance warranty service with the sale of all its equipment. The customer receives and pays for the equipment on January 2,2025. During 2025 . Ivanhoe incurs costs related to warranties of $930. At December 31,2025 , Ivanhoe estimates that $620 of warranty costs will be incurred in the second year of the warranty. (a) Your answer is correct. Prepare the journal entry to record this transaction on January 2, 2025, and on December 31,2025 (assuming financial statements are prepared on December 31, 2025). (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 O for the amounts. List all debit entries before credit entries. Record journal entrier in the order presented in the problem.) Repeat the requirements for (a), assuming that in addition to the assurance warranty, Fvanhoe sold Metlock an extended warranty (service-typewarranty) for an additional 2 years (20272028) for $780. (Credit account titles are outomaticolly indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account tities and enter 0 for the amounts. List oll debit entries before credit entries. Record journal entries in the order presented in the problem.)