At the beginning of 2024, Angel Corporation began offering a 1-year warranty on its products. The warranty program was expected to cost Angel 3% of net sales. Net sales made under warranty in 2024 were $330 million. Five percent of the units sold were returned in 2024 and repaired or replaced at a cost of $8.5 million. The amount of warranty expense in Angel's 2024 income statement is: Multiple Choice $71 million. $8.5 million. $9.9 million. $49.5 million