Note: 3 transactions for each question include credit and debit each sixe

Hardin Widget Manufacturing began operations in January 2024. Hardin sells widgets that carry a two-year manufacturer's warranty against defects in workmanship. Hardin's management projects that 2% of the widgets will require repair during the first year of the warranty while approximately 6% will require repair during the second year of the warranty. The widgets sell for $500 each. The average cost to repair a widget is $60. The company sells 70% of the widgets to retail customers who must pay a 6% sales tax. Sales and warranty information for 2024 and 2025 are as follows: 2024: Sold 160 widgets on account; incurred warranty expenditures of $260 for widget repairs. 2025: Sold 260 widgets on account; actual payments for warranty expenditures were $460. Required: 1. Prepare journal entries that summarize the sales and any aspects of the warranty for 2024. 2. Prepare journal entries that summarize the sales and any aspects of the warranty for 2025 . Complete this question by entering your answers in the tabs below. Prepare journal entries that summarize the sales and any aspects of the warranty for 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fieid. Journal entry worksheet Record the entry to summarize the estimated warranty expenditures for 2024. Note: Enter debits before credits. 2024: Sold 160 widgets on account; incurred warranty expenditures of $260 for widget repairs. 2025: Sold 260 widgets on account; actual payments for warranty expenditures were $460. Required: 1. Prepare journal entries that summarize the sales and any aspects of the warranty for 2024. 2. Prepare journal entries that summarize the sales and any aspects of the warranty for 2025. Complete this question by entering your answers in the tabs below. Prepare journal entries that summarize the sales and any aspects of the warranty for 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fie