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Current On January 1, 2020, Crane Ltd. sold on account 1,300 units of its product for a total price of 5557,000 and a cost of $467.000. The products have a one-year assurance-type warranty and Crane estimates that the cost will be $22.400. By the company's year-end December 31, 2020, actual warranty costs related to the products sold was $19.100. 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 for the amounts) Debit Credit Date Account Titles and Explanation January 1/20 (To record the sale) (To record the cost of goods sold) (To record warranty costs) e Textbook and Media List of Accounts Savo Attempts of 1 used Submit