ut of Color the World Co. started business in 2018 with a December 31 year end date. It sold high definition televisions for $1,800 each. Each television includes one year warranty covering parts and labor. Time left 2:01:51 The company sold 1,700 TVs in 2021 and 1,950 TVs in 2022. The company estimated that 10% of the TVs sold will require warranty within 1 year from the date of sale. The company estimates that repair cost will be $125 for each television repaired to provide warranty. The company's repair data is provided in the following table. Year Number of TV repaired Actual Repair Cost 2021 2022 150 150 $20,000 $21,500 At end of 2020, the company's Warranty Liability Account had a credit balance of 9,200. Assume that all warranty related transactions (Warranty Expense, Warranty Liability, Actual Warranty Cost) are recorded on Dec 31. Based on the information provided, and based on your understanding of current liability, please answer the following questions. Warranty Expense recognized in 2021 will be (Input number only, do not use comma (,) or $ sign) Warranty Liability reported in balance sheet at end of 2021 will be (Input number only, do not use comma (,) or $ sign) rondwing questions. Warranty Expense recognized in 2021 will be (Input number only, do not use comma () or 5 sign) Warranty Liability reported in balance sheet at end of 2021 will be (Input number only, do not use comma () or $ sign) Warranty Expense recognized in 2022 will be (Input number only, do not use comma (,) or $ sign) Warranty Liability reported in balance sheet at end of 2022 will be (Input number only, do not use comma (,) or $ sign)