Kohl Company provides warranties for many of its products. The January 1, 2022, balance of the Estimated Warranty Liability account was $58,656. Based on an analysis of warranty claims during the past several years, this year's warranty provision was established at 0.69% of sales. During 2022, the actual cost of servicing products under warranty was $12,718, and sales were $5,613,200.

1. What amount will be reported in the Estimated Warranty Liability account on the December 31, 2022, balance sheet?

I put $84,669 but it was incorrect.