Listed below are a few transactions and events of Maxum Company. 1. Employees earn vacation pay at a rate of one day per month. During December, 35 employees qualify for one vacation day each. Their average daily wage is $120 per employee 2. During December, Maxum Company sold 3,900 units of a product that carries a 60-day warranty. December sales for this product total $131,000. The company expects 6% of the units to need warranty repairs, and it estimates the average repair cost per unit will be $20 Prepare any necessary adjusting entries at December 31, 2015, for Maxum Company's year-end financial statements for each ofthe above separate transactions and events