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 1% of sales. Sales were $15 million and actual warranty expenditures were $20,000 for the first year of selling the product. What amount (if any) should Right report as a liability at the end of the year? (Enter your answers in whole dollars.) Warranty Liability Beg. Bal. 0 2 0,000 Warranty expense Actual expenditures 150,000 > 0 End Bal. 130,000 -130.000 Red text indicates no response was expected in a color a formul-based calculation is incorrect; no points deducted