Sunland Navigation began operations in 2020 and provides a one year warranty on the products it sells. They estimate that 20600 of the 400000 units sold in 2020 will be returned for repairs and that these repairs will cost $10 per unit. The cost of repairing 16100 units presented for service in 2020 was $161000. Sunland should report O warranty liability of $206000 on December 31, 2020. O no warranty obligation on December 31, 2020, since this is only a contingent liability. O warranty expense of $45000 for 2020. O warranty expense of $161000 for 2020