On October 1, 2024, Teal Mountain Company sells 4900 microwaves at an average price of $490. The product includes a one-year warranty on parts. Based on past experience, it is expected that 2% will be defective, and that warranty repair costs will average $127 per unit In 2024, warranty contracts were honoured on 38 units at a total cost of $4826. What is the remaining balance in the Warranty Liability account at the end of 2024? $4826 O $3846 O $7620 O $12446