The transactions of part(a) te what blender current l e s in the 2017 balance shee Currenties Click you would to show Work for this westions on how Problem 156 (Part Level Submission) Merritt Equipment Company ses computers for $1,760 each and also gives each customer a 2-year warranty that requires the company to perform periodic services and to replace defective parts During 2017, the company sold 930 computers on credit. Based on past experience, the company has estimated the per unit 2-year warranty costs as $40 for parts and 560 for labor (Assume sales cur at December 31, 2017.) In 2018, Merritt incurred actual warranty costs relative to 2017 computer sales of $10.400 for parts and $15,600 for labor Under the expense warranty approach, give the entries to reflect the above transactions (accrual method) for 2017 and 2018. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Credit Date Account Tities and twplanation 2017 Accounts Receivable Sales Revenue (To record sale of computers) 2017 warranty Expense Warranty Liability (To record labinyagainst warranty costs) 2018 Warranty ability Inventory Cash, Inventory, Accrued Payroll Click if you would like to show Work for this question: Open Show Work