2.

Panther Company had a quality-assurance warranty liability of $356,000 at the beginning of 2024 and $308,000 at the end of 2024. Warranty expense is based on 4% of sales, which were $58 million for the year. What amount of warranty costs were paid during 2024?

Multiple Choice

$2,368,000

$0

$2,320,000

$2,272,000