Required information The following information angles to me question displayed below! Hitz Company sold a copter that costs $5,500) for $11000 cash with a two year ports warranty to a customer on August 15 of Year 1. Hit 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 repos cost $91 for materials taken from the parts inventory. These are the only repairs required in Year 2 for this cool 1. How much warranty expense does the company report for this copler in Year? 2 How much is the estimated warrantybity for this copier as of December 31 of Year 1 3. How much is the estimated warranty Babaty for this copier as of December 31 of Year 2? 4. Prepare journal entnes to record la the copler's sale (the adjustment to recognize the warranty expense on December 3 of Yent 1, and the repairs that occur on January 5 of Year 2 Complete this question by entering your answers in the tabs below Realto 1. How much warranty expense does the company report for this copier in Year 1) 2. How much is the estimated warranty liability for this cops of December of 1 3. How much is the estimated warranty ability for this copies of December 31 of 2 2. En olevaart 2. mad want you to Reg4 > Healta Fun Prepare journal entries to recent(a) the car's sale (1) the adatment to recognue the warranty expens on December of arti and (c) the repairs that occur on lanuary 5 of Year 2 View transaction is Journal entry worksheet