Chez Nous Limited, a new company, made sales of 20,000 units at a cost of \(\$ 40\) per unit. The company offers a one-year warranty that replaces any defective units with a new one. The company estimated warranty replacements at 3 percent of units sold. Chez Nous' actual warranty replacements were 475 units. Record the warranty expense, and warranty payments on December 31. How much is Chez Nous' estimated warranty payable at the end of the period?