Fahad Company starts the year with $13,750 in its Estimated Warranty Payable account. During the year, there were $1,155,000 of sales and $24,750 of warranty repair payments. Fahad Company estimates warranty expense at 2% of sales. At the end of the year, what was the balance in the Estimated Warranty Payable account? Select one: O a. $12,100 Debit O b. $23,100 Debit O c. $13,750 Debit O d. None of the answers is correct O e. $24,750 Credit