At the beginning of 2024 , 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 2024 were $202 million. Fifteen percent of the units sold were returned in 2024 and repaired or replaced at a cost of $4.30 million. The amount of warranty expense on Angel's 2024 income statement is: Multiple Choice $30.30 million. $17.54 million. $4.30 million. \$14.14 million