Required information [The following information applies to the questions displayed below.) Hitzu Co. sold a copier (that costs $5,500) for $11,000 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 copier requires on-site repairs that are completed the same day. The repairs cost $106 for materials taken from the repair parts inventory. These are the only repairs required in Year 2 for this copler Analyze each transaction's effect on the accounting equation-specifically, identify the accounts and amounts (including or -) for each (Enter all amounts as positive value.) Liabilities Date Aug. 16 Cash Aug. 16 Dec 31 Jan. 5 Assets (+) increase (-) decrease 11,000 5,500 = (-) decrease 106 nces Liabilities Equity 11,000 5,500 106