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Tots, Toys owned estimated warranty payable of $7,200 at the end of 2013. During 2014, Tots Toy's made sales of$280,000 and expects product warranties to
Tots, Toys owned estimated warranty payable of $7,200 at the end of 2013. During 2014, Tots Toy's made sales of$280,000 and expects product warranties to cost the company 3% of the sales. During 2014, Tots Toy's paid $5,000 for warranties. What is Tots Toy's estimated warranty payable at the end of 2014
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