Beck company sells a product for $3200. when the customer buys it, Beck provides a one- year warranty. Beck sold 120 products during 2017. Based on analysis of past warranty records, Beck estimates that repairs will average 4% of total sales.

Assume that the balance of the Estimated liability for warranties account as of the beginning of 2017 was $1,100. calculate the balance of the account as of the end of 2017.