Hardin Widget Manufacturing began operations in January 2021. Hardin sells widgets that carry a two-year manufacturer's warranty against defects in workmanship. Hardin's management projects that 2% of the widgets will require repair during the first year of the warranty while approximately 6% will require repair during the second year of the warranty. The widgets sell for $400 each. The average cost to repair a widget is $50. The company sells 60% of the widgets to retail customers who must pay a 6% sales tax. Sales and warranty information for 2021 and 2022 are as follows: 2021: Sold 200 widgets on account; incurred warranty expenditures of $300 for widget repairs. 2022: Sold 300 widgets on account; actual payments for warranty expenditures were $500. Required: 1. Prepare journal entries that summarize the sales and any aspects of the warranty for 2021. 2. Prepare journal entries that summarize the sales and any aspects of the warranty for 2022. X: 1 Record the entry for summarize the sales for 2021. 2 Record the entry to summarize the estimated warranty expenditures for 2021. 3 Record the entry for the actual warranty expenditures paid for 2021. Note : journal entry has been entered X: 1 Record the entry for summarize the sales for 2022. 2 Record the entry to summarize the estimated warranty expenditures for 2022. 3 Record the entry for the actual warranty expenditures paid for 2022. Note : journal entry has been entered