Westworld Inc. sells vehicles with multi-year warranties that it records in one Warranty Payable account. At January 1, 2020, the beginning balance in the Warranty Payable account was $400,000.

Vehicles sales during 2020 were $2,500,000 and warranty costs were estimated a 5.5% of sales. During 2020, 78,000 of claims were paid. On December 31, 2020 what is the ending balance of Warranty Payable?