Hitzu Co. sold a copier costing $6,500 with a two-year parts warranty to a customer on August 16, 2017, for $13,000 cash. Hitzu uses the perpetual inventory system. On November 22, 2018, the copier requires on-site repairs hat are completed the same day. The repairs cost $109 for materials taken from the repair parts inventory. These ane the only repairs required in 2018 for this copier. Based on experience, Hitzu expects to incur warranty costs equal to 4% of dolar sales. It records warranty expense-th an adulng entry atte erd of each year. 1. How much warranty expense does the company report in 2017 for this copier? 2. How much is the estimated wamranty lablity for this copier as of December 31. 2017? Estmated warrenty labiny 3. How much warranty expense does the company report in 2018 for tis copier? Varranty experee 4 How much is the estimated warranty lability for this copler as of December 31, 20187 Estimated warrenty labity 5. Prepare jounal entries to necod (a) the copler's sale; (b) the adjustment on December 31, 2017, to necognize the warranty expense; and (c) the repairs that ocour in November 2018 View transaction st View journal entry worksheet No Date DebitCredit 1Aug 18, 2017 Csh ssies /2Aup 18, 2017 Cost of goods sold Merchandise inventory 3 Dec 31, 2017 Waanty expense Csinated warranty labaty Nov 22,2018 Eimatod warranty lsblity Repair perts invertory