67. Thomas Company offers a five-year warranty on its products. Thomas previously estimated warranty costs to be 3% of sales but in 2025 revised this estimate to 1% due to process and quality control improvements. Thomas reported warranty costs of $75,000 on $2,500,000 of sales in 2023 and $90,000 on $3,000,000 in 2024. Sales revenue for 2025 was $5,000,000. What is the amount of Thomas Company's warranty expense in 2025? 67. Thomas Company offers a five-year warranty on its products. Thomas previously estimated warranty costs to be 3% of sales but in 2025 revised this estimate to 1% due to process and quality control improvements. Thomas reported warranty costs of $75,000 on $2,500,000 of sales in 2023 and $90,000 on $3,000,000 in 2024. Sales revenue for 2025 was $5,000,000. What is the amount of Thomas Company's warranty expense in 2025