Cheem work Hitru Company sold a copier (that costs $5,500 for $11,000 cash with a two year parts warranty to a customer on August 15 of Year 1. Hitru expects warranty costs to be 5% of dollar sales. It records warranty expense with an adjusting entry on December 31. On January 5 of Year 2. the copior requires on-site repairs that are completed the same day. The repairs cost $114 for materials tokon from the parts inventory. These are the only repairs required in Year 2 for this copiet 1. How much warranty expense does the company report for this copier in Year 1? 2. How much is the estimated warranty ability for this copier as of December 31 of Year 1? 3. How much is the estimated warranty liability for this copier as of December 31 of Year 2? 4. Prepare journal entries to record of the copier's sale: (the adjustment to recognize the warranty expense on December 31 of Year and the repairs that occur on January 5 of Year 2 Complete this question by entering your answers in the tabs below. Reg 1 to 3 Reg4 1. How much warranty expense does the company report for this copler in Year 17 2. How much is the estimated warranty liability for this copler as of December 31 of Year 1? 3. How much is the estimated warranty liability for this copier as of December 31 of Year 2? Warranty expense Estimated warranty liability as of December 31 of Year 1 Estimated warranty isbility as of December 31 of Year 2 Rege > Required information Reg 1 to 3 Reg Prepare journal entries to record (a) the copler's sale; (b) the adjustment to recognize the warranty expense on December 31 of Year 1; and the repairs that occur on January 5 of Year 2 View transactional Journal entry worksheet Record the sale of a copler for $11,000 cash, Note: terebit before credite Date General Journal Debit Credit August 16