Swifty Company sells automatic can openers under a 75-day warranty for defective merchandise. Based on past experience, Swifty estimates that 4% of the units sold will become defective during the warranty periad. Management estimates that the average cost of replacing or repairing a defective unit is $25. The units sold and units defective that occurred during the last 2 months of 2022 are as follows. (a) Prepare the journal entry to record the costs incurred in honoring 1,195 warranty claims. (Assume actual costs of $29,875.) (Credit account titles are outomatically indented when amount is entered. Do not indent manually.) eTextbook and Media List of Accounts Attempts: 0 of 5 used (b) Prepare the journal entry to record the warranty liability at December 31 for the units sold in November and December. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (c) Give the cntry to record the honoring of 500 warranty contracts in January at an average cost of $25. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)