Question 8 3 points Save Answer Wilson Company's products carry a one-year warranty. Experience suggests that warranty costs are expected to approximate 3% of sales. Credit sales were $1.2 million for the current year. Actual warranty expenditures were $28.400 and were recorded as warranty expense when incurred. What is the amount of warranty liability at the end of the year? $0 526,400 59,500 536.000