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Manner Company sells product subject to a 2-year warranty. Between 12/31/2017 and 12/31/2018 the company's warranty liability account balance increased by $27,000. If the company

Manner Company sells product subject to a 2-year warranty. Between 12/31/2017 and 12/31/2018 the company's warranty liability account balance increased by $27,000. If the company reported warranty expense of $115,000 for the twelve months ended 12/31/2018 then the company's actual warranty expenditures for this same time period would have totaled $142,000.

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