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Synergy Appliances sells dishwashers with a four-year warranty. In 2021, warranty payable had a beginning balance $25000, sales revenue for dishwashers is $97000, and repairs

Synergy Appliances sells dishwashers with a four-year warranty. In 2021, warranty payable had a beginning balance $25000, sales revenue for dishwashers is $97000, and repairs and product replacement under warranty cost $12000. The company estimates warranty expense at 7% of revenues. What is the total estimated warranty payable of Synergy Appliances at the end of 2021?

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