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On October 29, Lobo Co. began operations by purchasing razors for resale. The razors have a 90-day warranty. When a razor is returned, the company discards it and mails a new one from Merchandise Inventory to the customer. The company's cost per new razor is $14 and its retail selling price is $90.The company expects warranty costs to equal 7%of dollar sales. The following transactions occurred.

Nov.11Sold 60 razors for $5,400 cash.30Recognized warranty expense related to November sales with an adjusting entry. Dec.9Replaced 12 razors that were returned under the warranty.16Sold 180 razors for $16,200 cash.29Replaced 24 razors that were returned under the warranty.31Recognized warranty expense related to December sales with an adjusting entry. Jan.5Sold 120 razors for $10,800 cash.17Replaced 29 razors that were returned under the warranty.31Recognized warranty expense related to January sales with an adjusting entry.

-How much warranty expense is reported for November and December?

-How much warranty expense is reported for January?

-What is the balance of the Estimated Warranty Liability account as of December 31?

-What is the balance of the Estimated Warranty Liability account asof January 31?