At December 31, 2020, Company A has outstanding noncancelable purchase commitments for 36,100 gallons, at $26 per gallon, of raw material to be used in its manufacturing process. The company prices its raw material inventory at cost or market whichever is lower. The market price of the raw material as of December 31, 2020, is $31 per gallon. Company A should report an Estimated Liability on Purchase Commitments at December 31, 2020 for $ . (Do not include dollar sign and comma in your final answer: if no liability should be reported, enter 0.)