Question 2 2 pts During 2020, Coronado Industries introduced a new product carrying a two-year warranty against defects. The estimated warranty costs related to dollar sales are 4% within 12 months following sale and 6% in the second 12 months following sale. Sales and actual warranty expenditures for the years ended December 31, 2020 and 2021 are as follows: Sales Actual Warranty Expenditures 2020 $ 800,000 $18,000 2021 1,100,000 45,600 $1,900,000 $63,600 At December 31, 2021, (assuming the accrual method) Coronado should report an estimated warranty liability of $63,600 $190,000 $126,400 O $115,700