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Question 1 of 5 Question 1 1 points Save Answ Samsung Co. offers a two-year warranty on parts of equipments. In 2019 the company sales were $500,000. Based on its past experience, the company estimated the needed warranty expense being 5% of its sales. During 2019, the company used $15,000 of parts inventory to repair the equipment. How much is the Estimated warranty liability as of December 31 2019? $ 15,000 $ 25,000 O $ 10,000 $ 40,000