During 2020, Marigold Corp. introduced a new product carrying a two-year warranty against defects. The estimated warranty costs related to dollar sales are 3% within 12 months following sale and 4% in the second 12 months following sale. Sales and actual warranty expenditures for the years ended December 31, 2020 and 2021 are as follows: Sales $ 790000 Actual Warranty Expenditures 2020 $11400 2021 1002000 34000 $1792000 $45400 At December 31, 2021, (assuming the accrual method) Marigold should report an estimated warranty liability of O $80040. O $36140. O $34000. $0.