please help with my accounting questions and give me step by step solutions.Thank you..

During 2015, Gum Co. introduced a new product carrying a two-year assurance-type warranty against defects. Gum Co. uses the expense warranty approach. The estimated warranty costs related to dollar sales are 6%. Sales and actual warranty expenditures for the years ended December 31, 2015 and 2016 are as follows: What amount should Gum report as warranty expense on its 2015 income statement? Select one: $7, 500 $1, 500 $9,000 $14, 250 $24,000 Loredo Company purchases an oil tanker depot on January 1, 2017. Cost was $1, 200,000. After a useful life of 20 years, Laredo must fully dismantle the depot, removing all tanks Cost estimate is $80,000 Present Value is $25,000 (at 6%). Straight-line depreciation is used. Assume no salvage value. For 2017. Depreciation Expense and Interest Expense (respectively) are Select one: $64,000. $1, 500 $61, 250. $1, 500 $61, 250. $4, 800 $64,000. $4, 800 $64,000. $4,000