Question 9 4 pts A company sells its product subject to six-month warranty that covers all parts and labor. Past experience suggests that the costs of doing warranty work are 2% of net sales. During February, the company used $3,200 of parts in doing warranty work and paid $3,500 wages for labor to do the warranty work. Net sales during February were $260,000. What should be recorded as warranty expense for the month of February? $2,600 $3,200 $5,200 $6,700