Question 2 (36 Marks) A) Hardin Widget Manufacturing began operations in January 2018. Hardin sells widgets that carry a two-year manufacturer's warranty against defects in workmanship. Hardin's management projects that 1% of the widgets will require repair during the first year of the warranty while approximately 5% will require repair during the second year of the warranty. The widgets sell for $300 each. The average cost to repair a widget is $50. Sales and warranty information for 2018 are as follows: 62 salaries $90). 2018: Sold 290 widgets on accountsincurred warranty expenditures of $390 (Cash $120, Inventory $180, Required: Prepare journal entries that summarize the sales and any aspects of the warranty for 2018