On November 10, 2017, Singh Electronics began to buy and resell scanners for $52 each. Singh uses the perpetual system to account for inventories. The scanners are covered under a warranty that requires the company to replace any non-working scanner within 90 days. When a scanner is returned, the company simply throws it away and mails a new one from inventory to the customer. The company's cost for a new scanner is only $32. Singh estimates warranty costs based on 12% of the number of units sold. The following transactions occurred in 2017 and 2018 (ignore GST and PST) 2017 15 Sold 3,500 scanners for $182,000 cash 30 Recognized warranty expense for November with an adjusting entry Nov. Dec. 8 Replaced 130 scanners that were returned under the warranty 15 Sold 7,500 scanners 29 Replaced 36 scanners that were returned under the warranty. 31 Recognized warranty exp ense for December with an adjusting entry 2018 Jan. 14 Sold 375 scanners 20 Replaced 48 scanners that were returned under the warranty 31 Recognized warranty expense for January with an adjusting entry Required 1. How much warranty expense should be reported for November and December 2017? Warranty Expense November December Total 0 2. How much warranty expense should be reported for January 2018? (Round your intermediate calculations and final answer to the nearest whole number.) Warranty expense 5. Prepare journal entries to record ALL transactions and year-end adjustments (ignore sales taxes). View transaction list 12 1 Record the sale of scanners to customers. 2 Record the cost of the November 15 sale. 3 Record the scanner warranty expense and liability at 12% of the units sold. Record the cost of scanner warranty replacements. Record the sale of scanners to customers. Record the cost of the December 15 sale. 4 Credit 5 6 7 Record the cost of scanners warranty replacements. Note- journal entry has been entered Record entry Clear entry View general journal