Rockwell Automation, Inc. reported the following in the notes to their fina Changes in product warranty liability (in millions): Beginning balance $20.80 Warranty expense ?-Settlements of warranty claims $20.10 Ending balance $40.90 EACH SITUATION BELOW IS INDEPENDENT! 1How much warranty expense did Rockwell record during the year ended 2Suppose that Rockwell records warranty expense based on a percentage Historically, that amount has been0.65% The beginning balance of the Warranty Liability was$20.80 For the year ended September 30, 2021, Sales were$6,997.40 Beginning in the year ended September 30, 2021, Rockwell changed its During the year, settlements under warranty claims were: What will be the ending balance of the Warranty Liability at September 3We record a liability for product warranty obligations at the time of sale to a customer based upon historical w products are covered under a warranty period that runs for twelve months from eit