5. (2 points) During 2020, Polly started manufacturing and selling a new product with a three-year warranty. Polly prepares annual AJEs once each year as of 12-31. Based upon past experience with comparable products, Polly estimated the following warranty costs as a % of sales dollars: FirstyearofwarrantySecondyearofwarrantyThirdyearofwarranty2%3%5% Polly's sales during 2020 and 2021 , respectively, were $600,000 and $720,000. Polly's actual warranty expenditures for 2020 and 2021, respectively, were $5,000 and $21,000. - What was Polly's estimated warranty expense amount for 2021 ? - What was Polly's estimated warranty liability amount as of 12-31-21