Sony introduces a new compact music player to compete with Apple's iPod that carries a two-year warranty against manufacturer's defects. Based on industry experience with similar product 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 $30.1 million, and actual warranty expenditures are $210,000. What amount if any should Sony report as a liability at the end of the year? (Enter your answer in dollars, not millions. For example, $5.5 million should be entered os 5,500,000.) Warranty Mabilly