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please help and explaon how ti get these answers. thank you in advance! Hitzu Company sold a copler (that costs $3,500) for $7.000 cash with

please help and explaon how ti get these answers. thank you in advance!
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Hitzu Company sold a copler (that costs $3,500) for $7.000 cash with a two-year parts warranty to a customer on August 16 of Year 1 Hitzu expects warranty costs to be 5% of dollar sales. It records warranty expense with an adjusting entry on December 31. On January 5 of Year 2 the copier requires on-site repairs that are completed the same day. The repairs cost $136 for materials taken from the parts inventory. These are the only repairs required in Year 2 for this copiec 1. How much warranty expense does the company report for this copier in Year? 2. How much is the estimated warranty liability for this copler as of December 31 of Year 3. How much is the estimated warranty liability for this copier as of December 31 of Year 22 4. Prepare journal entries to record (a) the copler's sale (6) the adjustment to recognize the warranty expense on December 31 of Year t and the repairs that occur on January 5 of Year 2 Complete this question by entering your answers in the tabs below. Real to 3 Reg 1. How much warranty expense does the company report for this copier in Year 17 2. How much is the estimated warranty liability for this copier as of December 31 of Year 19 3. How much is the estimated warranty liability for this copiers of December 31 of Year 2? Complete this question by entering your answers in the tabs below. Reg 1 to 3 Reg 4 1. How much warranty expense does the company report for this copler in Year 1? 2. How much is the estimated warranty liability for this copier as of December 31 of Year 1? 3. How much is the estimated warranty liability for this copier as of December 31 of Year 2? $ 350 1. Warranty expense 2. Estimated warranty liability as of December 31 of Year 1 3. Estimated warranty Bability as of December 31 of Year 2 Reg 4 > Journal entry worksheet Record the sale of a copier for $7,000 cash. Note: Enter debits before credits General Journal Debit Credit Date August 16 Record entry Clear entry View general journal

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