On October 10 2013 Printfast Company sells a commercialprinter for $2350 with a one-year warranty that covers parts.Warranty expense is projected to be 4% of sales. On February 282014 the printer requires repairs. The cost of the parts for therepair is $80 and Printfast pays their technician $150 to performthe repair. What is the warranty liability for this printer as ofMarch 1 2014?
