During 2020, Ward Company introduced a new product carrying a three-year warranty against defects, which has a separate purchase price. The company collected $42,000, and $51,000 for this extended warranty feature in the years 2020 and 2021, respectively. The company uses straight-line recognition of warranty revenue. For simplification, assume that sales occurred at the first of the year. Sales and actual warranty expenditures for the years ended December 31, 2020, and 2021 are:

	Sales	Actual warranty expenditures
2020	$600,000	$9,000
2021	1,000,000	30,000

Required:

The amount of warranty revenue that Ward Company would recognize in 2021 is $

The amount of warrant liability that Ward Company would report in its 2021 balance sheet is

Note: Don't round until the final answer. Round the final answer to the nearest dollar. Keep two decimals for a percentage.