16 your help is greatly appreciated

1 points Fill in Blank. During 2018, CatFishing Company (an calendar-year firm) introduces a new line of machines that carry a three-year warranty against manufacturer's defects. Based on industry experience, warranty costs are estimated at 2.6% of sales in the year of sale, 1.2% in the year after sale, and 1.8% in the second year after sale. 2018-2019 sales revenue and actual warranty expenditures are shown as follows: Save Ansi Year Sales Revenue Actual Warranty Expenditure occurs during the year 2018 $ 1,613,383 $ 38,691 2019 $ 2,509,888 $ 61,121 2020 $ 2,086,629 $ 125,297 What amount should Catfishing report as a liability at December 31, 2020? (round to the nearest dollar)