32 out of Sweet Baking Company sells professional grade mixers for home use. The machines carry a 2-year warranty. Past experience indicates that 6% of the units sold will be returned during the warranty period for repairs. The average cost of repairs under warranty is $70 for labor and $90 for parts per unit. During 2017, 2,500 mixers were sold at an average price of $800. During the year, 70 of the machines that were sold were repaired at the average cost per unit. Required: Calculate the balance in the warranty liability account on 31-12-2017? (Note: write your answer as a number only, with No commas or signs)