- wurdtes future warranty costs in 2022 to be 2% of current care 25,000. Also in 2022, Lindy has additional sales of $2,400,000 and revises its e Issociated with sales in 2022 to be 1.5%. at is the balance in Warranty Liability at the end of 2021 and 2022? 2021 2022 anty Liability o Die 9 Questions displayed below) Jy Appliance begins operations in 2021 and offers a one-year warranty on all products sold. Total appliance sale 2021 are $1,600,000, and Lindy estimates future warranty costs in 2022 to be 2% of current sales. Actual warranty 2022 are $25,000. Also in 2022, Lindy has additional sales of $2,400,000 and revises its estimate of warranty cost associated with sales in 2022 to be 1.5% 4. What is the balance in Warranty Liability at the end of 2021 and 2022? Warranty Liability 2021 2022 @ 9