M Tech it Easy (TECH) sells computers and laptops. Tech includes a four-year warranty on each computer/Ipad they sell. Management estimates that the cost of providing the warranty coverage is 5% of sales in the first year and 1% of sales in each of years two and three and 1% in year four. Other facts follow: TECH reported a $180,000 provision for warranty payable on its December 31, 2022 balance sheet. TECHS sales for 2023 were $3,780,000 The cost to TECH of meeting their warranty claims in 2023 was $320,000; $180,000 for parts and $240,000 for labor. TECH's sales for 2024 were $2,890,000. The cost to TECH of meeting their warranty claims in 2024 was $168,000; $80,800 for parts and $87,200 for labor. TECH's sales for 2025 were $1,975,000. The cost to TECH of meeting their warranty claims in 2025 was $154,000; $95,000 for parts and $59,000 for labor. What is the balance of the warranty payable account at December 31, 2025?