At the beginning of 2021, Angel Corporation began offering a 1-year warranty on its products. The warranty program was expected to cost Angel 4% of net sales. Net sales made under warranty in 2021 were $310 million. Five percent of the units sold were returned in 2021 and repaired or replaced at a cost of $11.0 million. The amount of warranty expense in Angel's 2021 income statement is: Multiple Choice $11.0 million. $12.4 million. $46.5 million. O $9.6 million