Please do ALL requirements: $($Questions $1-3)$

$1.$Journalize Dee$\text{'}$s warranty expense for the period and the$$ company's cash payments to satisfy warranty claims. Explanations are not required.

$2.$ Show what Dee's will report on its income statement and balance sheet for this situation at the end of the period.

$3.$ Which data item from requirement $2$ will affect the current$$ ratio? Will Dee$\text{'}$s current ratio increase or decrease due to this$$ item?