In 2012, the Market Company sold 14,000 washing machines. Markel estimated that 12% of the machines would require repairs under the two-year warranty at an average cost of exist50. During 2012, Markel had an actual outlay of exist48,000 for repairs under warranty. Markel uses the expense warranty accrual method. Refer to Exhibit 2 At what amount should the company record warranty expense for 2012? Answers A. exist42,000 B. exist48,000. C. exist84,000 D. exist96.000