10. Treasury stock is a company's own stock that has been reacquired and retired. Part III - Problems & Journal Entries (70 points) 1. Sarasota Company sold 200 color laser copiers on July 10, 2017, for $3,500 apiece, together with a 3-year warranty. Each copier cost $2,000. Warranty costs on each copier during the warranty period is estimated to be 1% in the year of the sale, 2% in the year following the sale and 4% in the second year after the sale. Actual warranty costs (inventory) incurred in 2017 related to the sales were $18,000. (10 points) Prepare entries to record the sale of the copiers, actual warranty costs, and any accrual on December 31, 2017 opon DE ch