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A company has a selling price of $1.400 each for its printers. Each printer has a 2 year warranty that covers replacement of defective parts.

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A company has a selling price of $1.400 each for its printers. Each printer has a 2 year warranty that covers replacement of defective parts. It is estimated that 2% of all printers sold will be returned under the warranty at an average cost of $142 each During November, the company sold 22.000 printers, and 320 printers were serviced under the warranty. What is the company's warranty expense for the month of November? Multiple Choice $45,000 $45,440 O $45,440 ( O $20,000 O $31,240 O $62,480

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