TB MC Qu. 8-115 At the beginning of 2021, Angel Corporation began... At the beginning of 2021, Angel Corporation began offering a 1-year warranty on its products. The warranty program was expected to cost Angel 4% of net sales. Net sales made under warranty in 2021 were $230 million. Five percent of the units sold were returned in 2021 and repaired or replaced at a cost of $7.8 million. The amount of warranty expense in Angel's 2021 income statement is: Multiple Choice $78 million $34.5 million 36.4 million $9.2 million