Das Medical introduced a new implant that carries a five$-$year warranty against manufacturer$$s defects. Based on industry experience with similar product introductions, warranty costs are expected to approximate $1\%$ of sales. Sales were $$14$ million and actual warranty expenditures were $$26,500$ for the first year of selling the product. Complete the following T$-$account to determine the amount $($if any$)$ Das should report as a liability at the end of the year.

Note: Enter your answers in whole dollars.