Next Page Question 3 (3 points) Listen Page 3 of 4 Your company commenced operations in 2019 and sold items for $500,000 during the year. The items came with two-year warranties. $4,000 of warranty work was performed in 2019. If warranty expense is estimated at 2% of sales revenue, what is the amount reported as Estimated Warranty Liability on the statement of financial position at December 31, 2019? $6,000 $3,000 $4,000 $10,000 Next Page Page 3 of 4