Coronado Company sells automatic can openers under a 75-day warranty for defective merchandise. Based on past experience. Coronado estimates that 4% of the units sold will become defective during the warranty period. Management estimates that the average cost of replacing or repairing a defective unit is $25. The units sold and units defective that occurred during the last 2 months of 2020 are as follows. Month Units Sold Units Defective Prior to December 31 November 39,600 792 December 41,600 520 (a) Prepare the journal entry to record the costs incurred in honoring 1,312 warranty claims. (Assure actual costs of $32.800) (Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit (To record honoring of warranty contracts.) (b) Prepare the journal entry to record the warranty liability at December 31 for the units sold in November and December (Cimaft account titles are automatically indented when amount is entered. Do not indent manually Account Titles and Explanation Debit Credit e Textbook and Media (c) Give the entry to record the honoring of 500 warranty contracts in January at an average cost of $25. (Credit accounties are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit e Textbook and Media Rose Garzas regular hourly wage rate is $12.00, and she receives a wage of 1 times the regular hourly rate for work in excess of 40 hours. During a March weekly pay period, Rose worked 42 hours. Her gross earnings prior to the current week were 55.000 Roses married and claims three withholding allowances. Her only voluntary deduction is for group hospitalization insurance at $20 per week. MARRIED Persons -- WEEKLY Payroll Period (For Wages Paid through December 2017) If the wages And the number of withholding allowances claimed is- are But At 0 1 2 5 6 less 7 8 9 10 least than The amount of income tax to be withheld is 500 510 34 27 19 11 4 0 510 520 35 28 20 12 5 0 520 37 29 21 13 6 530 540 38 30 22 14 7 0 540 550 40 31 23 15 8 0 530 OOOOO OOOOOOOOOO o o o o o o o o o o OOOOOOOOOO o o o o o o o o o o 1 550 560 9 10 2 570 560 570 580 590 600 41 32 24 16 43 33 25 17 44 34 26 18 46 35 27 19 47 36 28 20 4 580 590 12 13 5 o 550 40 31 23 1 540 15 B 0 41 32 24 16 0 0 0 550 560 1 2 43 33 17 0 0 560 570 580 590 44 34 25 26 27 570 580 590 18 19 20 35 46 47 600 36 28 0 0 600 49 38 14 0 21 22 610 0 29 30 31 39 41 610 620 630 640 650 15 16 620 23 50 52 53 55 0 1 2 42 32 24 0 9 630 640 17 18 44 0 33 25 4 660 670 56 58 59 34 35 650 660 670 680 690 45 47 48 19 20 21 22 11 12 13 26 27 28 29 30 5 6. 7 680 690 0 0 0 0 37 38 40 61 50 51 700 23 62 15 0 (a) luue (a) Compute the following amounts for Rose's wages for the current week. (Round FICA taxes, State income taxes and Net pay answers to 2 decimal places, eg. 52.55) $ (1) Gross earnings (2) FICA taxes. (Assume a 7.65% rate on maximum of $127.200.) $ (3) Federal income taxes withheld. $ (4) State income taxes withheld. (Assume a 20% rate.) $ $ (5) Net pay