Question 4 (1 point) Cameron Company sells 2,000 units of its product for $500 each in 2017. The selling price includes a one-year warranty on parts. It is expected that 3% of the units will be defective and that repair costs will average $100 per unit. In 2017, warranty contracts are honoured on 40 units for a total cost of $4,000. What amount will be reported on Cameron Company's balance sheet as Estimated Warranty Liability on December 31, 2017? $4,000 $6,000 $2,000 O cannot be determined Question 5 (1 point) When GST is remitted to the Canada Revenue Agency, --- is credited and ___ is debited Cash; GST Payable Cash; Sales GST Expense; Cash GST Payable; Cash