181 3 points Book ferences Required Information [The following information applies to the questions displayed below] Htzu Company sold a copier (that costs $4,800) for $6,000 cash with a two-year parts warranty to a customer on August 16 of Year 1. Hitzu expects warranty costs to be 4% of dollar sales. It records warranty expense with an adjusting entry on December 31. On January 5 of Year 2, the copier requires on-site repairs that are completed the same day. The repairs cost $200 for materials taken from the parts inventory. These are the only repairs required in Year 2 for this copier 1. How much warranty expense does the company report for this copier in Year 1 2. How much is the estimated warranty liability for this copier as of December 31 of Year 1? 3. How much is the estimated warranty ability for this copier as of December 31 of Year 2 4. Prepare journal entries to record (at the copier's sale, (b) the adjustment to recognize the warranty expense on December 31 of Year tand (d the repairs that occur on January 5 of Year 2 Complete this question by entering your answers in the tabs below. 1. How much warranty expense does the company report for this copier in Year 17 2. Now much is the estimated warranty liability for this copier as of December 31 of Year 1 3. How much is the estimated warranty liability for this cooler as of December 31 of Year 27 arty re 200 Este any aby as of December 21 year 140 >>