Whispering Corporation sells computers under a 2 year warranty contract that requires the corporation to replace defective parts and to provide the necessary repair labor. During 2017, the corporation solls for cash 372 computers at a unit price of $2,300. On the basis of past experience, the 2 year warranty costs are estimated to be $102 for parts and $192 for labor per unit. (For simplicity, assume that all sales occurred on December 31, 2017.) The warranty is not sold separately from the computer Record any necessary Journal entries in 2017. (If no entry is required, select "No Entry for the account tities and enter automatically indented when the amount is entered. Do not indent manually.) for the amounts, Credit account titles are Account Titles and Explanation What liability relative to these transactions would appear on the December 31, 2017, balance sheet and how would it be classified? Whispering Corporation Balance Sheet (Partial) December 31, 2017 1 1 :22 AM What liability relative to these transactions would appear on the December 31, 2017, balance sheet and how would it be dassified Whispering Corporation Balance Sheet (Partial) December 31, 2017 LINK TO TEXT In 2018, the actual warranty costs to Whispering Corporation were $22,860 for parts and $36,010 for labor. Record any necessary Journal entry in 2018. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account title automatically indented when the amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation In 2018, the actual warranty costs to Whispering Corporation were $22,860 for parts and $36,010 for labor. Record any necessary journal entry in 2018. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Cred automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit