Question: Please can you Help . During 2018, ABC introduced a new product carrying a two-year warranty against defects. The estimated warranty costs related to dollar

Please can you Help

. During 2018, ABC introduced a new product carrying a two-year warranty against defects. The estimated warranty costs related to dollar sales are 7.5% within 12 months following the sale and 6.1% in the second 12 months following the sale. Sales for the years ended Dec 31, 2018, and 2019 were $59152 and $47278, respectively. Actual warranty expenditures for the years ended Dec 31, 2018, and 2019 were $2040.74 and $3577.19, respectively. ABC's estimated warranty liability in its Dec 31, 2019, balance sheet is

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