Blossom Company manufactures and sells computers for $2.600 each, with a two-year parts and labour warranty. Based on prior experience, the company expects, on average, to incur warranty costs equal to 5% of sales. The business reports the following sales and warranty cost information: Sales (units) Actual Warranty Costs 2019 640 2020 560 2021 750 $27,000 49,900 56,300 Calculate the warranty expense for each year. Warranty expense 2019 $ 2020 $ 2021 SA $ Calculate the warranty liability at the end of each year. Warranty liability 2019 $ 2020 $ 2021 $