Pronghorn Ltd$.$ manufactures a line of amplifiers that carry a three$-$year warranty against defects. Based on experience, the estimated

warranty costs related to dollar sales are as follows: first year after sale $-3\%$ of sales; second year after sale $-5\%$ of sales; and third

year after sale $-6\%$ of sales. Sales and actual warranty expenditures for the first three years of business were:

$($a$)$ Calculate the amount that Pronghorn should report as warranty expense on its $2023$ income statement and as a warranty liability

on its December $31,2023$ SFP using the assurance$-$type warranty $($expense$-$based approach$).$ Assume that all sales are made evenly

throughout each year and that warranty expenditures are also evenly spaced according to the rates above.

Warranty expense $

Warranty liability $