Problem $10-4$A Estimated product warranty liabilities LO$4$

On November $10,2023,$ Singh Electronics began to buy and resell scanners for $$62$ each. Singh uses the perpetual system to account for inventories. The scanners are covered under a warranty that requires the company to replace any non$-$working scanner within $90$ days. When a scanner is returned, the company simply throws it away and mails a new one from inventory to the customer. The company$$s cost for a new scanner is only $$42.$ Singh estimates warranty costs based on $12\%$ of the number of units sold. The following transactions occurred in $2023$ and $2024($ignore GST and PST$)$:

$2023$

Nov. $15$ Sold $2,500$ scanners for $$155,000$ cash.

$30$ Recognized warranty expense for November with an adjusting entry.

Dec. $8$ Replaced $220$ scanners that were returned under the warranty.

$15$ Sold $6,500$ scanners.

$29$ Replaced $54$ scanners that were returned under the warranty.

$31$ Recognized warranty expense for December with an adjusting entry.

$2024$

Jan. $14$ Sold $250$ scanners.

$20$ Replaced $76$ 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 $2023?$

$2.$ How much warranty expense should be reported for January $2024?($Round your intermediate calculations and final answer to the nearest whole number.$)$

$3.$ What is the balance of the estimated warranty liability as of December $31,2023?$

$4.$ What is the balance of the estimated warranty liability as of January $31,2024?$

$5.$ Prepare journal entries to record ALL transactions and year$-$end adjustments $($ignore sales taxes$).($Round intermediate calculations and final answer to the nearest whole number.$)$