PPL Company provides a one year warranty on all computers sold online and accrues warranty costs at the end of each year based upon the dollar amount of the units sold. On January 1, 2015. PPL Company had a normal balance of $756,420 in its Estimated Warranty Liability account. During the year, the company honored warranties at a total cost of $531.960. The balance in their Estimated Warranty Liability account on December 31,2015 was $640,535. Determine the Warranty Expense that was recorded by PPL Company for the year 2015 ? 1) $0 2) $416,075 3) $531,960 4) $647,845