please include work i would like to understand, thank you! :)

Current Attempt in Progress Bridgeport Factory provides a 2-year warranty with one of its products which was first sold in 2020. Bridgeport sold $930,400 of products subject to the warranty. Bridgeport expects $124.050 of warranty costs over the next 2 years. In that year, Bridgeport spent $70,460 servicing warranty claims. Prepare Bridgeport'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 O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit 2020 (To record sales) During 2020 (To record warranty claims) 12/31/20