Ace company sells 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 $150 each. During December, the company sold 30,000 printers. What is the companys warranty expense for the month of December? Multiple Choice

$26,000

$45,000

$55,000

$60,000

$90,000