Moving to the next question prevents changes to this answer. Question 1 In 2004, Slimon Corporation began selling a new line of products that carry a two-year warranty against defiects Based upon past experience with estimated warranty costs related to dollar sales are as follows: First year of warranty Second year of warranty 2% Sales and actual warranty expenditures for 2004 and 2005 are presented below: Sales Actual warranty expenditures What is the estimated warranty liability at the end of 2005 ? $16,000 $38,000 $98,000 58,000 Moving to the next question prevents changes to this