Chang Co. sold a copier costing $4,500 with a two-year parts warranty to a customer on August 16, 2015, for $9,000 cash. Chang uses the perpetual inventory system. On November 22, 2016, the copier requires on-site repairs that are completed the same day. The repairs cost $91 for materials taken from the Repair Parts nventory. These are the only repairs required in 2016 for this copier. Based on experience, Chang expects to incur warranty costs equal to 5% of dollar sales. It records warranty expense with an adjusting entry at the end of each year value: 5.00 points 1. How much warranty expense does the company report in 2015 for this copier? (Leave no cells blank - be certain to enter "o" wherever required. Omit the "$" sign in your response.) Warranty expense $ Hints Hint #1 Check my work 9. value: 5.00 points 2. How much is the estimated warranty liability for this copier as at December 31, 2015? (Omit the "$" sign in your response.) Estimated warranty liability Hints Rein Hint#1 10. 5.00 points value: 3. How much warranty expense does the company report in 2016 for this copier? (Leave no cells blank be certain to enter "o" wherever required. Omit the "$" sign in your response.) Warranty expense Hints References Hint#1 Check my work 11 .00 points value: 4. How much is the estimated warranty liability for this copier as at December 31, 2016? (Omit the "$" sign in your response.) Estimated warranty liability Hints References Hint #1 Check my work 12 value 15.00 points 5(a)Prepare journal entries to record the copier's sale on August 16, 2015. (Omit the "$" sign in your response) Date General Journal Debit Credit Aug. 16 (Click to select) Click to select Click to select) (Click to select) 5(b) Prepare journal entries to record the adjustment on December 31, 2015 to recognize the warranty expense. (Omit the "$" sign in your response) Date General Journal Debit Credit Dec. 31 (Click to select) (Click to select) 5(c) Prepare journal entries to record the repairs that occur in November 2016. (Omit the "$" sign in your response) Date General Journal Debit Credit Nov. 22 (Click to select) (Click to select) Hints References Hint #1