The balance of the Estimated Warranty... The balance of the Estimated Warranty Liability account on January 1, 2022 was $19,000. The actual costs of servicing products under warranty during the year was $71,400. Warranty Expense reported on the income statement for the year ended December 31, 2022 was $68,000.

What amount will be reported on the December 31, 2022 balance sheet for the Estimated Warranty Liability? Submit

Te MC Qu. 7.-45 The balance of the Estimated Warranty... The balance of the Estimated Warranty Lability account on January 1, 2022 was $19,000. The actual costs of servicing products under warranty during the year was $7,400. Werranty Expense reported on the income statement for the year ended December 31, 2022 yas $68,000. What amount wili be reported on the December 31, 2022 balance sheet for the Estimated Warranty Llabitity