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 3% 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 repairs cost $147 for materials taken from the parts inventory. These are the only repairs required in Year 2 for this copier. nalyze each of the following transactions: (a) the copier's sale; (b) the adjustment to recognize the warranty expense on December 31 Year 1; and (c) the repairs that occur on January 5 of Year 2. Show each transaction's effect on the accounting equation-specifically, entify the accounts and amounts (including + or - ) for each. ote: Enter all amounts as positive value. \begin{tabular}{|c|c|c|c|c|} \hline Date & \multicolumn{1}{|c|}{ Assets } & = & & \\ \hline August 16 & & = & & \\ \hline August 16 & & = & & \\ \hline December 31 & & = & & \\ \hline January 5 & & & = & \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline+ & Equity \\ \hline+ & \\ \hline+ & > \\ \hline+ & ? \\ \hline & \\ \hline \end{tabular}