Muin Company provides assurance type warranties and estimates its warranty liability at 4% of sales. Last year (2019), the company sold 340,000 units and they expected to incur $60 of repairs for each one that is returned. During 2020 the company incurred $777,000 in actual warranty repairs. Muin has a December 31 year end. (a) Calculate the balance of any warranty provision the company will report relating to its 2019 sales as at December 31, 2020. Amount of waranty liability &