Wiley Corp. offers a 3 year warranty. They expect the warranty costs to be 2% of the selling price in the 1st year, 3% in the second and third year. Sales in year 1 = $7413074 and warranty costs incurred $195997. What is the balance in the warranty liability account? Select one O a $397049 Ob $593046 OC $ 195997 d. $ 471180 Check