CHAMO Company sold a copier costing Br. 3,800 with a two-year parts warranty to a customer on August 16, Year 5, for Br. 5,500 cash. CHAMO uses the perpetual inventory system. On November 22, year 6, the copier requires on-site repairs that are completed the same 3 | Page day. The repairs cost Br. 2018 for materials taken from the Repair Parts Inventory. These are the only repairs required in Year 6 for this copier. Based on experience, CHAMO expects to incur warranty costs equal to 4% 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 Year 5 for this copier? 2) How much is the estimated warranty liability for this copier as of Dec. 31, Year 5. 3) How much warranty expense does the company report in Year 6 for this copier? 4) How much is the estimated warranty liability for this copier as of Dec. 31, Yr. 5. 5) Prepare journal entries to record (a) the copiers sale; (b) the adjustment on December 31, Year 5, to recognize the warranty expense; and (c) the repairs that occur in November Year 6.