Question 1 4/4 pts Beginning in 2018, Drive Company started manufacturing an electronic system. Drive provided a ten-year warranty on each system sold. Drive estimates the warranty cost is $200 per unit sold. Drive reported a warranty liability related to the electronic systems of $6,500,000 at the beginning of 2019. During 2019, Drive sold 69,000 systems and paid warranty claims of $945,000 on current and prior year sales. What amount of warranty liability would Drive report on its 12-31-19 balance sheet? $13,800,000 Correct! $19,355,000 $20,300,000 $12,855,000