Fast Bikes, Inc. offers warranties on all their bikes. They estimate warranty expense at

55%

of sales. At the beginning of 2018, the Estimated Warranty Payable account had a credit balance of

$ 1 comma 800$1,800.

During the year, Fast Bikes had

$ 296 comma 000$296,000

in sales and had to pay out

$ 5 comma 600$5,600

in warranty payments. At the end of the year, what is the ending balance in the Estimated Warranty Payable accounts?

A.

$ 11 comma 000$11,000

B.

$ 7 comma 400$7,400

C.

$ 13 comma 000$13,000

D.

$ 14 comma 800