The Gardo Corporation offers a two-year warranty on its products. the warranty liability account had a balance of $208320 on December 31, 20x4. Gardo estimates their warranty expense to be equal to 2% of sales. Sales in 20x5 were $9701867. Costs incurred in servicing warranties in 20x5 amounted to $176478. What is the balance in the warranty liability account at December 31, 20x5? Select one: 208320 225879 31842 194037