Sweet Acacia Hardware takes pride in being the "shop around the corner" that can compete with the big-box home improvement stores by providing good service from knowledgeable sales associates (many of whom are retired local carpenters). Sweet Acacia has developed the following two revenue arrangements to enhance its relationships with customers and increase its bottom line. 1. Sweet Acacia sells a specialty portable winch that is popular with many of the local customers for use at their lake homes (putting docks in and out, launching boats, and so on). The Sweet Acacia winch is a standard-manufacture winch that Sweet Acacia modifies so it can be used for a variety of tasks. Sweet Acacia sold 60 of these winches during 2023 at a total price of $20,100, with a warranty guarantee that the product was free of any defects. The cost of winches sold is $16,300. The assurance warranties extend for a 3-year period with an estimated cost of $2,800. In addition, Sweet Acacia sold extended warranties related to 26 Sweet Acacia winches for two years beyond the three-year period for $420 each. 2. To bolster its already strong customer base, Sweet Acacia implemented a customer loyalty program that rewards a customer with one loyalty point for every $10 of purchases on a select group of Sweet Acacia products. Each point is redeemable for a $1 discount on any purchases of Sweet Acacia merchandise in the following two years. During 2023, customers purchased select group products for $93,000 (all products are sold to provide a 45% gross profit) and earned 9,300 points redeemable for future purchases. The stand-alone selling price of the purchased products is $93,000. Based on prior experience with incentive programs like this, Sweet Acacia expects 7,000 points to be redeemed related to these sales. (Sweet Acacia appropriately uses this experience to estimate the value of future consideration related to loyalty points). (b) Prepare the journal entries for Sweet Acacia related to the cash sales of Sweet Acacia winches with warranties. (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.)