A company sells a product with a 1-year warranty against defects. Warranty costs are expected to be 4% of sales, which were $100,000 for year 2021. The warranty liability had a balance of $800 at the beginning of 2021 and $2,000 at the end of 2021. What amount of warranty costs were paid in cash during 2021? Click to e $4,000 $4,800 $2,800 $1,200