On 5/1, General Motor Company (GM) had a beginning balance of $467,000 in their Warranty Payable account. GM estimates warranty expense at 2% of revenue. During May, GM's revenue was $119 million and warranty claims (payments) totaled $460,000. What was the new ending balance in the Warranty Payable account at the end of May? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123