A car is sold for $15,000 on June 1, 2007, with a one-year warranty on parts.Warranty expense

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A car is sold for $15,000 on June 1, 2007, with a one-year warranty on parts.Warranty expense is estimated at 1.5% of selling price at each calendar year-end. On March 1, 2008, the car is returned for warranty repairs costing $135. The amount recorded as warranty expense on March 1 is

(a) $0;

(b) $60;

(c) $75;

(d) $135;

(e) $225.

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