On October 29, Lobo Company began operations by purchasing razors for resale. The razors have a 90 -day warranty. When a razor is returned, the company discards it and mails a new one from Merchandise Inventory to the customer. The company's cost per new razor is $16 and its retail selling price is $80. The company expects warranty costs to equal 6% of dollar sales. The following transactions occurred. Novenber 11 Sold 70 razors for $5,60e cash. Novenber 30 Recognized warranty expense related to Novenber sales with an adjusting entry. Decenber 9 Replaced 14 razors that were returned under the warranty. December 16 5old 210 razors for $16, 800 cash. Decenber 29 Replaced 28 razors that were returned unden the warranty. December 31 Recognized warranty expense related to December sales with an adjusting entry. January 5 Sold 140 razors for $11,200 cash. 3anuary 17 Replaced 33 razors that were returned under the warranty. January 31 hecognized warranty expense related to January sales with an adjusting entry. 3. How much warranty expense is reported for January