Help Save & Exit Sub Talks-A-Lot, Inc. sells cell phones to customers and expects that 5% of phones sold will be returned for repair under its warranty prog repaired 15 of them as of December 31, 2021. What amount of warranty liability should be reported at December 31, 2021? (Do not round intermediate caleulations.) ram. The average repair cost is $76 per phone. For 2021, Talks-A-Lot has sold 640 cell phones and has Multiple Choice $2.432. $1,292. $1,140 been received. None all expected returns from warranties h