Question 16 4 pts During May, Wiggins Company sells $356,000 in merchandise that has a one year warranty. Experience shows that warranty expenses average about 5% of the selling price. The warranty liability account has a credit balance of $12,800 before adjustment. Customers returned merchandise for warranty repairs during the month that used $9,400 in parts for repairs. The warranty expense for the month is: $14,400. O $5,000. 0 $9,400 $17.800