Thompson Electric (TE) owed Estimated Warranty Payable of $1,300 at the end of 2015. During 2016, TE made sales of $100,000 and expects product warranties to cost the company 6% of the sales. During 2016, TE paid S2,800 for warranties. What is TE's Estimated Warranty Payable at the end of 2016? A. $7,300 B. $6,000 C. $2,800 D. $4,500