Problem 156 Merritt Equipment Company sells computers for $1.660 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 910 computers. Based on past experience, the company has estimated the total 2-year warranty cosas se for parts and 360 for labor Assume sales all occur December 31, 2017.) In 2015, Merritt incurred actual warranty costs relative to 2017 computer sales of $11.600 for parts and $17.400 for labor Under the expense warranty proach, give the entries to reflect the above transactions (accrual method) for 2017 and 2018. (Credit account entered. Do not inde l y) Date Account Titles and Explanation Debit s are automatically indented when the amount is (To record sale of computers) 2017 (To record a r 2017 (To record liability against warranty costs) 2018 The transactions of part (a) create what balance under current liabilities in the 2017 balance sheet? Current Liabilities- Click if you would like to Show Work for this question: Open Show Work