A company has a selling price of $1,550 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 $145 each. During November, the company sold 25,000 printers, and 350 printers were serviced under the warranty. What is the company's warranty expense for the month of November