Your answer is partially correct. Try again. Coronado Factory provides a 2-year warranty with one of its products which was first sold in 2017. Coronado sold $955,800 of products subject to the warranty. Coronado expects $136,410 of warranty costs over the next 2 years. In that year, Coronado spent $64,790 servicing warranty claims. Prepare Coronado'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 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit 2017 ales Revenu 1955,8001 To record sales) During 2017 Warranty Expens 136,410 Warranty Liability 136,410 To record warranty claims) 12/31/17 Warranty Liability 64,790 Inventory 64,790 Question Attempts: 2 of 3 used