On 1/1/22, Fusion Company sold 100 components at $700 each. All sales were cash sales. Of the total sales amount, $6,000 related to warranty contracts. Estimated total cost servicing the components was $1,300 each year of the three-year warranty. Fusion spent $1,400 servicing the components in 2022. 1. Record journal entries for the following: a. Component Sales, Unearned Warranty Revenue, Warranty Expenses b. Recognition of Warranty Revenue assuming straight-line amortization. c. Recognition of Warranty Revenue using costs incurred compared to estimated costs. 2. Assuming S/L amortization, determine: a. The total effect on 2022 Net Income: $_ b. The 12/31/22 liability $.