During 2023, Gum Co introduced a new product carrying a two-year assurance-type warranty against defects. Gum ca. uses the expense warranty approach. The estimated watranty costs related to dollar sales are 68 . Sales and actual warranty expenditures for the years ended December 31 . 2023 and 2024 are as follows: What amount should Gum report as warranty expense on its 2024 income staternent? Select one: a. 52.250 b. $7,500 c 56,750 d. $14,250 e. $15,000