The beginning balance in the Warranty Payable account was $3,000. Sales were $150,000 and warranty costs were estimated at 2.5% of sales ($$). During the year 800 units that had a sales price of $10 each and a cost of $5.50 each were replaced to settle warranty claims. As a result of these transactions, what is the amount of warranty expense for the year and what is the ending balance in Warrant Payable