In their $1$st year of operation. XYZ Company introduced a new product carrying a two$-$year warranty against defects. Total estimated warranty costs over the two$-$year period are $4\%$ of sales. If sales this year total $$1,000,000$ and actual expenses incurred servicing the warranties equals $$19,000,$ what is the amount in the estimated warranty liability account as of $\frac{12}{31}\frac{?}{x1}.$