Brief Exercise 1312 (Static) Warranties; financial statement effects [LO13-5, 13-6] Das Medical introduced a new implant that carries a five-year warranty against manufacturer's defects. Based on industry experience with similar product introductions, warranty costs are expected to approximate 1% of sales. Sales were $15 million and actual warranty expenditures were $20,000 for the first year of selling the product. Complete the following T-account to determine the amount (ff any) Das should report as a liability at the end of the year. Note: Enter your answers in whole dollars