Hitzu Co. sold a copier (that costs $5,500) for $11,000 cash with a two-year parts warranty to a customer on August 16 of Year 1. Hitzu expects warranty costs to be 5% 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 $107 for materials taken from the repair parts inventory. These are the only repairs required in Year 2 for this copler. 1. How much warranty expense does the company report for this copler in Year 17 Warranty expense 2. How much is the estimated warranty liability for this copier as of December 31 of Year 1? Estimated way 3. How much is the estimated warranty liability for this copier as of December 31 of Year 2? MacBook Air