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 $($if any$)$

Das should report as a liability at the end of the year.

Note: Enter your answers in whole dollars.