Hitzu Co. sold a copier (that costs $4,500) for $9.000 cash with a two-year parts warranty to a customer on August 16 of Year 1. Hitzu expects warranty costs to be 6% of dollar sales. It records warranty expense with an adjusting entry on December 31. On January 5 of Year 2, the copler requires on-site repairs that are completed the same day. The repairs cost $95 for materials taken from the repair parts inventory. These are the only repairs required in Year 2 for this copier. 1. How much warranty expense does the company report for this copier in Year 1? Warranty expense 2. How much is the estimated warranty liability for this copier as of December 31 of Year 1? Estimated warranty liability 3. How much is the estimated warranty liability for this copier as of December 31 of Year 2? Estimated warranty liability 4. Prepare journal entries to record (a) the copier'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 transaction list x 1 Record the sale of a copier for $9,000 cash. 2 Record the cost of goods sold of $4,500. 3. Record the estimated warranty expense at 6% of the sales. Credit 4 On January 5 of Year 2, the copler requires on-site repairs that are completed the same day. The repairs cost $95 for materials taken from the repair parts inventory Record the cost of the repair Note : = journal entry has been entered Record entry Clear entry View general Journal