Sony introduces a new compact music player to compete with Apples iPod that carries a two-year warranty against manufacturer's defeds Based on Industry experience with similar produd introductions, warranty costs are expected to be approximately 3% of sales By the end of the first year of selling the product, total sales are $31 million, and actual warranty expenditures are $300,000. What amount (if any) should Sony report as a liability at the end of the year? (Enter your answer in collars, not millions. For example. $5.5 million should be entered as 5,500,000.) Warranty liability