In 2020. Samsung introduced a new line of phones that come with a 2 year warranty. Based on industry experience. Samsung estimates warranty costs to be 3% of sales in the year of sale, and 4% in the year after sale. If Samsung reported sales of $8,000,000 and actual warranty costs of $340,000 in 2020, what should Samsung report as warranty expense for 20207 A $240,000 3.5340.000 C. 5220.000 D. 5560,000