Teal Mountain manufactures and sells computers for $$1,900$ each, with a two$-$year parts and labour warranty. Based on prior experience, the company expects, on average, to incur warranty costs equal to $5\%$ of sales. The business reports the following sales and warranty cost information:

Sales $($units$)$ Actual Warranty Costs

$2022530$ $$31,900$

$2023490$ $$47,900$

$2024500$ $$53,600$

Calculate the warranty expense for each year

Warranty expense

$2022$

$2023$

$2024$

Calculate the warranty liability at the end of each year.

Warranty liability

$2022$

$2023$

$2024$