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12 Hitzu Co. sold a copier costing $6,500 with a two-year parts warranty to a customer on August 16, 2017 for $13,000 cash. Hitzu uses

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12 Hitzu Co. sold a copier costing $6,500 with a two-year parts warranty to a customer on August 16, 2017 for $13,000 cash. Hitzu uses the perpetual inventory system. On November 22, 2018, the copier requires on-site repairs that are completed the same day. The repairs cost $140 for materials taken from the repair parts inventory. These are the only repairs required in 2018 for this copler Based on experience. Hitzu expects to incur warranty costs equal to 6% of dollar sales. It records warranty expense with an adjusting entry at the end of each year. 1. How much warranty expense does the company report in 2017 for this copler? ints 8014253 Warranty experte Skipped 2. How much is the estimated warranty ability for this copier as of December 31, 2017? Estimated warranty Mobility 3. How much warranty expense does the company report in 2018 for this copier? Warranty expen 10 points 4. How much is the estimated warranty liability for this copler as of December 31, 2018? Estimated warranty Batinny 2 143 10 Skipeed 5. Prepare journal entries to record (a) the copier's sale: (b) the adjustment on December 31, 2017 to recognize the warranty expense, and (c) the repairs that occur in November 2018

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