part 2 please show work

Merritt Equipment Company sells computers for $1.220 each and also gives each customer a 2-year warranty that requires the company to perform periodic services and to replace defective parts. During 2017, the company sold 950 computers. Based on past experience, the company has estimated the total 2-year warranty costs as $40 for parts and $60 for labor. Assume sales all occur at December 31, 2017 In 2018, Merritt incurred actual warranty costs relative to 2017 computer sales of $10,000 for parts and $15,000 for labor Part 1 Under the expense warranty approach, give the entries to reflect the above transactions (accrual method) for 2017 and 2018. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit 1159000 Date Account Titles and Explanation 2017 AIR Swes Rev . (To record sale of computers) 2017 wasasty exp " " Liability 1,139,000 95000 95,000 (To record liability against warranty costs) 2018 Warranty labe 25,000 Inventory cash, invertoy, accrued payrol! eTextbook and Media 10,000 15000 List of Accounts Attempts: 0 of 2 used Save for Later Submit Answer Part 2 The transactions of part () create what balance under current liabilities in the 2017 balance sheet? Current Liabilities $