A manufacturing company sells motorcycles with a five$-$year warranty against manufacturer's defects. The manufacturer expects that

$0\%$ of the motorcycles sold will prove to be defective in the first year after they are sold, $1\%$ will prove to be defective in the second

year, $2\%$ will prove to be defective in the third and fourth years, and $3\%$ will prove to be defective in the fifth year. The average cost to

repair or replace a defective unit under the warranty is expected to be $$40.$

The company's sales and warranty costs incurred in its first five years were as follows:

b$)$ CALCULATE AMOUNT OF WARRANTY EXPENSE THAT SHOULD HAVE BEEN RECOGNIZED IN $2023$