Problem 13-153 3 Hardin Widget Manufacturing began operations in January 2016, 3Hardin sells widgets that carry a two- 3 Hardin's management projects that 2% of year manufacturer's warranty against defects in workmanship. require repair during the frst year of the warranty while appreximately 6% wil requre repar The company sells 70% of the widgets to retal customers who must pay a 6% sales tax Saios and wanranty information for 2016 and 2017 are as folows 2016 Sold 220 widgets on account incumed warranty expendtures of S320. 7 Sold 320 wdgets on account actual warranty expenditures were S520 Prepare journal entries that summanze the sales and any aspects of the warranty for 2016. required for a tri ansaction/event select No journal entry required in the first account field view transaction list Journal E Record the entry for summarize the sales for 2016. 2. Record the entry to summarize the estimated warranty expenditures for 2016. 3. Record the entry for the actual warranty expenditures ncurred for 2016. journal entry has been entered 2. Prepare journal entries that summarize the sales and any aspects ofthe warranty for 2017.01 is required for a transaction/event select "No journal entry required in the linst view transa transaction livt Journal E 1. Record the entry for summarize the sales for 2017. 2. Record the entry to summarize the estimated warri penditures for 2017. 3. Record the entry for the actual warranty ex a journal entry has been entered