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At the beginning of 2021, Angel Corporation began offering a 1year warranty on its products. The warranty program was expected to cost Angel of niet sales Net sales made under warranty in 2021 were $250 million. Five percent of the units sold were returned in 2021 and repaired or replaced at a cost of $6.1 milion The amount of warranty expense in Angel's 2021 income statement is: Murple Choice $375 million $75 561 milion 547 min Strikers, Inc. sells soccer goals to customers over the Internet. History has shown that 2% of Strikers goals will need repair under the warranty program. For the year, Strikers has sold 3.300 goals and 47 have been repaired. If the estimated cost to repair a goal is $160, what would be the Warranty Liability at the end of the year? Multiple Choice $3.090 53.040 $0 $10.560 Talks A Lot, Inc. sells cell phones to customers and expects that 10% of phones sold will be returned for repair under its warranty program. The average repair cost is 572 per phone. For 2021. Tolls A lot has sold 700 cell phones and has repaired 12 of them as of December 31, 2021. What amount of warranty liability should be reported at December 31, 2021 (Do not round intermediate calculations.) Murple Choice 35040 5417 S64 None, pected returns from wartunties have been received Carpenter Inc estimates warranty expense at 3% of sales Sales during the year were $13 million and warranty expenditures were $47.500 What was the balance in the Warranty Liability account at the end of the year? Multi Chance $47500 $32.500 S52500 $190.000