Ch 253A%2521 hent #2 0 ewconnected Served On November 10, 2020, Singh Electronics began to buy and resell scanners for $58 each. Singh uses the perpetual system to account for inventories. The scanners are covered under a warranty that requires the company to replace any non-working scanner within 90 days. When a scanner is returned, the company simply throws it away and mails a new one from inventory to the customer. The company's cost for a new scanner is only $38. Singh estimates warranty costs based on 16% of the number of units sold. The following transactions occurred in 2020 and 2021 (ignore GST and PST): Now. 2020 15 Sold 2.500 scanners for $145.000 cash. 30 Recognized warranty expense for November with an adjusting entry. 8 Replacad 180 Scanners that were returned under the warranty. 15 Sold 5,500 scanners. 29 Replaced 46 scanners that were returned under the warranty 31 Recognized warranty expense for December with an adjusting entry. 2021 14 Sold 275 scanners 20 Replaced 68 scanners that were returned under the warranty. 31 Recognized warranty expense for January with an adjusting entry. Jan. Required: 1. I low much warranty expense should be reported for November and December 2020? Warranty Expense November December Total 5 0 ? How much warrantyce challenna franca 2017 IRAN Intermediate raulating and final news the hent #20 Saved 2. How much warranty expense should be reported for January 2021? (Round your intermediate calculations and final answer to the nearest whole number.) Warranty expense 3. What is the balance of the estimated warranty liability as of December 31, 2020? Warranty expense for November Warranty expense for December Costot replacing items in December Liability balance Nont>