Sheffield.com sold 7300 units of its product for $570 each during the year ending December 31,2022 . The selling price includes a one-year warranty on parts. It is expected that 2% of the units will be defective and that repair costs will average $50 per unit. In the year of sale, warranty contracts are honored on 100 units for a total cost of $5000. What amount should be reported on Sheffield.com's balance sheet as Warranty Liability on December 31, 2022