In marian's hometown, there is a mall with a small sears store, a macy's department store, a couple of fast-food restaurants, a few specialty shops, and some convenience stores. the mall features seasonal sidewalk sales and boat shows. this mall is most likely a shopping center.

Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?