On August 1, 2021, a company borrowed cash and signed a 15-month, interest-bearing note on which both the principal and interest are payable on October 31, 2022. How will each of the following be classified on the December 31, 2021, balance sheet? Note Payable Current Liability Accredite Current Liability Note Payable Current Liability Acceed interest Non-Current Liability Note. Payable Non-Current Liability Acerved interest Current Liability Note Payable Non-Current Liability Accued. Interest Non-Current Liability During 2019, Ryder Co. introduced a new line of machines that carry a three-year warranty against manufacturer's defects. Based on industry experience, warranty costs are estimated at 4% of sales in the year of the sale, 5% in the year after the sale, and 6% in the second year after the sale. Sales and actual warranty expenditures for the first three-year period were as follows: Actual Sales Warranty Expenditures 2019 $600,000 $9,000 2020 1,500,000 65.000 2021 2.150.000 135.000 Total $4,250,000 $209,000 What amount should Ryder report as Warranty Expense at December 31, 2021? $90.000 $322.500 $86,000 $428,500