Question A company estimates warranty costs per unit sold will be $50 in year one and the units are sold for $500. At the end of year one the company sold 400 units and actually spent $15.000 in warranty costs. What will be the warranty liability and warranty expense at the end of year one. Warranty liability: 5.000: Warranty expense: 5.000 O Warranty liability: 5.000: Warranty expense: 15.000 Warranty liability: 5.000; Warranty expense: 15.000 Warranty lability: 20.000: Warranty expense: 20.000 Warranty liability: 15.500 Warranty expense: 15.500