WINTON Incorporated had a balance of $88,000 in its quality-…

WINTON Incorporated had a balance of $88,000 in its quality-assurance warranty liability account as of December 31, 2023. In 2024, WINTON’s warranty expenditures paid were $453,000. Its warranty expense is calculated as 1% of sales. Sales in 2024 were $40.8 million. What was the balance in the warranty liability account as of December 31, 2024?