Required information [The following information applies to the questions displayed below.] Hitzu Company sold a copier (that costs $3,500 ) for $7,000 cash with a two-year parts warranty to a customer on August 16 of Year 1 . Hitzu 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 copler requires on-site repairs that are completed the same day. The repairs cost $118 for materials taken from the parts inventory. These are the only repairs required in Year 2 for this copler. Analyze each of the following transactions: (a) the copler's sale; (b) the adjustment to recognize the warranty expense on December 31 of Year 1; and (c) the repairs that occur on January 5 of Year 2 Show each transaction's effect on the accounting equation-specifically. dentify the accounts and amounts (including + or - ) for each. Vote: Enter all amounts as positive value