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Right Medical introduced a new implant that carries a five-year warranty against manufacturer's defects. Based on industry experience with similar product introductions, warranty costs are

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Right Medical introduced a new implant that carries a five-year warranty against manufacturer's defects. Based on industry experience with similar product introductions, warranty costs are expected to approximate 19 of sales Sales were $27 million and actual warranty expenditures were $33,750 for the first year of selling the product. What amount if any) should Right report as a Wability at the end of the year? (Enter your answers in whole dollars.) Warranty Liability Beg Bai Warranty expense Actual expenditures End Bal

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