An entity provides a two-year warranty on its products. Based on past history, they estimate that warranty costs will be equal to 1.4% of the product cost in the first year and 2.7% of the product cost in the second year of the warranty. The opening balance in the warranty liability account was $150077. Total sales for the current year amounted to $12418823. Jamiesons gross margin is 35%. Total costs incurred to service warranties for the current year amounted to $121208. What is the balance in the warranty liability account at the end of the year. Select one: a. $121208 b. $359831 c. $209754 d. $330962.