4. Merritt Equipment Company sells computers for $1,500 each and also gives each customer a 2-year warranty that requires the company to perform periodic services and to replace defective parts. During 2018, the company sold 1,200 computers. Based on past experience, the company has estimated the total 2-year warranty costs as $40 for parts and S60 for labor per unit. Assume sales all occur at December 31, 2018 In 2019, Merritt incurred actual warranty costs relative to 2018 computer sales of $16,000 for parts and $24,000 for labor. Required: o) Record give the eataos (ecral method) for 2018 amd 2019 (b) The transactions of part (a) create what balance under current liabilities on the 2018 balance sheet