During 2019, Swifty Corporation introduced a new line of machines that carry a three-year warranty against manufacturer's defects. Based on industry experience, warranty costs are estimated at 2% of sales in the year of sale, 3% in the year after sale, and 4% in the second year after sale. Sales and actual warranty expenditures for the first three-year period were as follows: (assume the accrual method) Sales Actual Warranty Expenditures 2019 $1604000 $40000 2020 2490000 67000 2021 2094000 134000 $6188000 $241000 What amount should Swifty report as a liability at December 31, 2021?