[The following information applies to the questions displayed below.) Hitzu Company sold a copler (that costs $4,800) for $6,000 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 copler requires on-site repairs that are completed the same day. The repairs cost $209 for materials taken from the parts inventory. These are the only repairs required in Year 2 for this copler 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 copler as of December 31 of Year 1? 3. How much is the estimated warranty liability for this copler as of December 31 of Year 2? 4. Prepare journal entries to record (aj the copler's sale (6) the adjustment to recognize the warranty expense on December 31 of Year 1; and (the repairs that occur on January 5 of Year 2. Answer is not complete Complete this question by entering your answers in the tabs below. Req 1 to 3 Reg 4 1. How much warranty expense does the company report for this copier in Year 17 2. How much is the estimated warranty liability for this copler as of December 31 of Year 12 3. How much is the estimated warranty liability for this copler as of December 31 of Year 2? 1. Warranty expense $ 240 2. Estimated warranty ability as of December 31 of Year 1 $ 240 3. Estimated warranty Mobility as of December 31 of Year 2 5 0 0 Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1 to 3 Req4 Prepare journal entries to record (a) the copier's sale; (b) the adjustment to recognize the warranty expense on December 31 of Year 1; and (c) the repairs that occur on January 5 of Year 2. Date General Journal Debit Credit August 16 6,000 No 1 Cash 6.000 Sales 2 August 16 4,800 Cost of goods bold Merchandise inventory 4,800 3 December 31 240 Warranty expense Estimated warranty liability 4 January 05 209 Estimated warranty lability Parts inventory 209