Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Hitzu Company sold a copier (that costs $7,500 ) for $15,000 cash with a two-year parts warr 16 of Year 1. Hitzu expects warranty costs to be 3% of dollar sales. It records warranty expens December 31. On January 5 of Year 2, the copier requires on-site repairs that are completed cost $126 for materials taken from the parts inventory. These are the only repairs required in Exercise 913 (Algo) Financial statement impact of warranty transactions LO P Analyze each of the following transactions: (a) the copier's sale; (b) the adjustment to recognize the w of Year 1; and (c) the repairs that occur on January 5 of Year 2. Show each transaction's effect on the a