Buoy Oh Buoy sold $421,489 worth of motorboats in 2023. Each motorboat comes with a 1-year manufacturer's warranty. Warranty costs are estimated to be 3% of sales. During 2023, $1,160 was required to fulfill warranties for motorboats sold in 2022 and $1,135 was required to fulfill warranties for motorboats sold in 2023. What was Buoy Oh Buoy's warranty expense in 2023? Assume the Company has a December 31 year-end. Round your final answer to the nearest dollar. Do not round intermediary answers. Do not use $ signs in your final