Talks-A-Lot, Inc. sells cell phones to customers and expects that 5% of phones sold will be returned for repair under its warranty program. The average repair cost is $77 per phone. For 2021, Talks-A-Lot has sold 600 cell phones and has repaired 10 of them as of December 31, 2021. What amount of warranty liability should be reported at December 31, 2021? (Do not round intermediate calculations) Multiple Choice None, il expected returns from Waranties have been received $770 O $1540 0 $2.310 Stop storing Hide onorlod lapp.honorock.com is sharing your screen @ MacBook Pro S 00 a T H J K