On April 1, a corporation began offering a new product for sale under a 1-year warranty. Of the 5,000 units in inventory at April 1, 3,000 had been sold by June 30. Based on its experience with similar products, the corporation estimated that the average warranty cost per unit sold would be $8. Actual warranty costs incurred from April 1 through June 30 were $7,000 At June 30, what amount should the corporation report as estimated warranty liability? O A. $17,000 B. $33,000 OC. $16,000 O D. $9,000