Required informotion [The following information applies to the questions displayed below] Hitzu Company sold a copier (that costs $4,500 ) for $9,000 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 $112 for materials taken from the parts inventory. These are the only repairs required in Year 2 for this copier. 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 (a) the copier's sale; (b) the adjustment to recognize the warranty expense on December 31 of Year and (c) 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 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 llability for this copier as of December 31 of Year 27 ? Complete this question by entering youranswers in the tabs below. Prepare journal entries to record (a) the copier's sale: (b) the adjustment to recognize the warnanty oxpense oo Decentuer at 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 39,000 cash. fotei Enter debots bedoie ereditt