[The following information applies to the questions displayed below.] Hitzu Co. sold a copier costing $4,800 with a two-year parts warranty to a customer on August 16, 2013, for $6,000 cash. Hitzu uses the perpetual inventory system. On November 22, 2014, the copier requires on-site repairs that are completed the same day. The repairs cost $209 for materials taken from the Repair Parts Inventory. These are the only repairs required in 2014 for this copier. Based on experience, Hitzu expects to incur warranty costs equal to 4% of dollar sales. It records warranty expense with an adjusting entry at the end of each year. value: 2.40 points 1. How much warranty expense does the company report in 2013 for this copier? Warranty expense 2. How much is the estimated warranty liability for this copier as of December 31, 2013? Estimated warranty liability 3. How much warranty expense does the company report in 2014 for this copier? Warranty expense 4. How much is the estimated warranty liability for this copier as of December 31, 2014? Estimated warranty liability 5(a)Prepare journal entries to record the copier's sale. 5(a)Prepare journal entries to record the copier's sale. View transaction list Journal entry worksheet 1 2 Record the sales revenue of a copier for $6,000 cash with a two-year warranty that covers parts. The company records the related warranty expense as a year-end adjusting entry. Note: Enter debits before credits. Date General Journal Debit Credit Aug. 16 Record entry Clear entry View general journal 5(a) Prepare journal entries to record the copier's sale. View transaction list Journal entry worksheet 1 2 Record the cost of goods sold of $4,800. Note: Enter debits before credits. Date General Journal Debit Credit Aug. 16 Record entry Clear entry View general journal 5(b)Prepare journal entries to record the adjustment on December 31, 2013, to recognize the warranty expense. View transaction list Journal entry worksheet 1 Record the estimated warranty expense at 4% of the sales. Note: Enter debits before credits. Date General Journal Debit Credit Dec. 31 Record entry Clear entry View general journal 5(c) Prepare journal entries to record the repairs that occur in November 2014. View transaction list Journal entry worksheet 1 On November 22, 2014, the copier requires on- site repairs that are completed the same day. The repairs cost $209 for materials taken from the repair parts inventory. Note: Enter debits before credits. Date General Journal Debit Credit Nov. 22 Record entry Clear entry View general journal