8. During 2020, Vanpelt Co. introduced 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% of sales in the year of sale, 3% in the year after sale, and 4% in the second year after sale. Sales and actual warranty expenditures for the first three-year period were as follows: Sales Actual Warranty_ Expenditures 2020 $600,000 $9,000 2021 1,500,000 65,000 2022 _2,100,000 135,000 $4,200,000 $209,000 What amount should Vanpelt report as a liability at December 31, 2022? SO $12,000 B $54,000 $169,000