QUESTION 23 Lulzbot.com sells 6,000 units of its product for $500 each during the year ending December 31, 2019. The selling price includes a one-year warranty on parts. It is expected that 5% of the units will be defective and that repair costs will averag per unit. In the year of sale, warranty contracts are honored on 120 units for a total cost of $6,000. What amount will be reported on Lulzbot.com's balance sheet as Warranty Liability on December 31, 2019? a. $6,000 Ob. It cannot be determined c. $9,000 d. $12,000