12. Right Medical introduced a new implant that carries a five-year warranty against manufacture's defects. Based on industry experience with similar product introductions, warranty costs are expected to approximate 1% of sales. Sales were $20 million and actual warranty expenditures were $29,000 for the first year of selling the product. What amount (if any) should Right report as a liability at the end of the year? Enter your answers in whole dollars.) Beg. Bal. Warranty expense Actual expenditures End Bal. MacBook Air esc FS F6