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 $24 million and actual warranty expenditures were $40,250 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. \begin{tabular}{|l|l|l|} \hline Deginning Balance \\ \hline Ending Balance \end{tabular}