Required information [The following information applies to the questions displayed below] Hitzu Company sold o copier (that costs $7,500 ) for $15,000 cash with a two-year parts warranty to a customer on August 16 of Year 1. Hitzu expects warranty costs to be 4% 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 $134 for materials taken from the repair parts inventory. These are the only repairs required in Year 2 for this copiec. 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 copier as of December 31 of Year 1 ? 3. How much is the estimated warranty liability for this copier as of December 31 of Year 2 ? 4. Prepare journal entries to record (e) the copier's sale; (b) the adjustment to recognize the warranty expense on December 31 of Year 1 and (d) the repairs that occur on January 5 of Year 2. Complete this question by entering your answers in the tabs below. 1. How much warranty expence dees the company report for this copier in Year 1 ? 2. How much is the estimated warranty liability for this copier as of becember 31 of Year 1 ? 3. How much is the estimuted warranty liability for this coplar as of December 31 of Year 17? Prepare journal entries to record ( a) the copier'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 . Journal entry worksheet Record the sale of a copier for $15,000 cash. hote Enter oests before credts