In 2025, Oriole Corporation began selling a new line of products that carry a two-year warranty against defects. Based upon experience with other products, the estimated warranty costs as a percentage of sales revenue are as follows: First year of warranty 3% Second year of warranty 5% Sales revenue and actual warranty expenditures for 2025 and 2026 are presented below: 2025 2026 Sales revenue $755000 $1051000 Actual warranty expenditures) 42000 72000 What is the estimated warranty liability at the end of 2026? (assume the accrual method) C