ABC Company sells soccer goals to customers over the Internet. History has shown that 3% of ABC Company's goals will need repair under the warranty program. For the year, ABC Company has sold 4,200 goals and 49 have been repaired. If the estimated cost to repair a goal is $160, what would be the Warranty Liability at the end of the year?

Multiple Choice

• $20,160.

• $0.

• $12,320.

• $12,370.