At the beginning of 2021, Angel Corporation began offering a two-year warranty on its products. The warranty program was expected to cost Angel 7% of net sales. Net sales made under warranty in 2021 were $197 million. Fifteen percent of the units sold were returned in 2021 and repaired or replaced at a cost of $5.00 million. The amount of warranty expense on Angel's 2021 income statement is: $17.19 million. $13.79 million. $29.55 million. $5.00 million