QS 10-10 Warranty liabilities L04 Vision Wear's product warranties state that defective glasses will be replaced free of charge for the life of the product. Vision Wear estimates that 2% of the pairs of glasses sold will require replacement. Rach pair of glasses costs Vision Wear on average $40. During October 2020, Vision Wear sold 1,300 pairs of glasses at a average price of $120 per pair. Record the estimated warranty liability for October