During 2020, In its first year of operations, Praet Co. 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 6% In the second year after sale. Sales were $3,600,000, $4,500,000 and $5,200,000 in 2020, 2021 and 2022, respectively. Actual warranty expenditures were $112,000, $273,000 and $302,000 in 2020, 2021 and 2022, respectively. How much is the total warranty expense recognized by Praet during 2020, 2021 and 2022? 1 Multiple Choice O $1.463.000 o o $725.000 $725,000 o O $478.000 $776.000 o $89.000 o