During 2017 Albany Appliances sold 400 appliances worth $2,000,000. Each appliance comes with a one-year warranty, which Albany estimates will cost $75 each. During the year Albany spent $12,500 on warranty costs for the appliances sold in 2017. At the end of the 2017 the warranty liability and the warranty expense related to these sales would be closest to: a) warranty liability: 17,500; warranty expense: 12,500 b) warranty liability: 17,500; warranty expense: 30,000 c) warranty liability: 12,500; warranty expense: 12,500 d) warranty liability: 30,000; warranty expense: 30,0000