Valencia, Inc, had a balance of $$161,425$ in its quality$-$assurance warranty liability account as of December $31,2018.$ In $2019,$ Valencia's warranty expenditures were $$926,700.$ Its warranty expense is calculated as $1\%$ of sales. Sales in $2019$ were $$81,527,500.$ What was the balance in the warranty liability account as of December $31,2019?($Hint: Do a T$-$Account$)$

$$653,850.$

$$50,000.$

$$976,700.$

$$161,425.$