QUESTION 46 Fast Bikes, Inc. offers warranties on all their bikes. They estimate warranty expense at 3.5% of sales. At the beginning of 2018, the Estimated Warranty Payable account had a credit balance of $1900. During the year, Fast Bikes had $296,000 in sales and had to pay out $4460 in warranty payments. At the end of the year, what is the ending balance in the Estimated Warranty Payable accounts? $6360 $7800 $10,360 $8460 QUESTION 47 The employees of Vintage Clothes achieved all of the sales goals for 2017. Vintage decides to reward the employees with a bonus of 20% on annual net income, after deducting the bonus. The net income before the calculation of the bonus is $324,000. What is the amount of the bonus? (Round your final answer to the nearest dollar.) $64,800 $52,000 $62,400 $54,000