Mass Corporation sold 10,500 smart tabs for $550 each during 2022. The smart tabs are under one year warranty following the sale. Repairs and maintenance during the warranty period are estimated at $45 each. Actual warranty costs incurred during 2022 were $148,000. The amount of the related liability reported in the statement of financial position at year end is: O A. $148,000 O B. $515,450 O c. $324,500 O D. $472,500