Hitzu Co, sold a copier costing $5,500 with a two-year parts warranty to a customer on August 16. 2018, for $11,000 cash. HIZU uses the perpetual inventory system. On November 22, 2019, the copier requires on-site repairs that are completed the same day. The repairs cost $135 for materials taken from the repair parts inventory. These are the only repairs required in 2019 for this copier. Based on experience, Hitzu 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 2018 for this copier? 2. How much is the estimated warranty liability for this copier as of December 31, 2018? 3. How much warranty expense does the company report in 2019 for this copier? 4. How much is the estimated warranty liability for this copier as of December 31, 2019? 5. Prepare journal entries to record to the copier's sale: (the adjustment on December 31, 2018, to recognize the warranty expense; and the repairs that occur in November 2019. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 How much warranty expense does the company report in 2018 for this copiar? Warranty exper Required 2 > Preve tto Next > Type here to search Complete this question by entering your answers in the tabs b Required 1 Required 2 Required 3 Required 4 Required 5 How much is the estimated warranty liability for this copier as of Decern Estimated warranty liability Required 1 Requ O Type here to search 2. How much is the estimated warranty liability for this coperos or ELETTRUCT 3. How much warranty expense does the company report in 2019 for this copier? 4. How much is the estimated warranty liability for this copier as of December 31, 2 5. Prepare journal entries to record (a) the copier's sale: (the adjustment on Dece to recognize the warranty expense; and (the repairs that occur in November 2011 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 How much warranty expense does the company report in 2019 for this copier? Warranty expense Type here to search How much warranty expense does the company report in 2018 for this coprer he estimated warranty liability for this copier as of December 31, 2018? 3. How much warranty expense does the company report in 2019 for this copier? 4. How much is the estimated warranty liability for this copier as of December 31, 2019? 5. Prepare journal entries to record of the copier's sale: (the adjustment on December 31, 2018. to recognize the warranty expense; and (the repairs that occur in November 2019. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 How much is the estimated warranty liability for this copier as of December 31, 2019? Estimated warranty limity Type here to search View transaction list Journal entry worksheet Record the sale of a copier for $11,000 cash. Note: Enter debits before credits General Journal Debit Credit Date Aug 16, 2018 Record entry Clear entry View general journal pe here to search and (c) the repairs that occur in Novernber 2019. View transaction list Journal entry worksheet Record the cost of goods sold of $5,500. Note: Enter debits before credits Credit Aug 16, 2018 Record entry Clear entry View general journal Type here to search 0 Hi TH P HI View transaction list Journal entry worksheet Record the estimated warranty expense at 4% of the sales. Note: Enter debits before credits General Journal D Credit Date Dec 31, 2018 Record entry Clear entry View general journal Type here to search nd (c) the repairs that occur in November 2019. View transaction list Journal entry worksheet e here to search