At the beginning of 2012,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 2012 were $180 million.Five percent of the units sold were returned in 2012 and repaired or replaced at a cost of $5.3 million.The amount of warranty expense on Angel's 2012 income statement is:

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The Answer of At the beginning of 2012,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 2012 were $180 million.Five percent of the units sold were returned in 2012 and repaired or replaced at a cost of $5.3 million.The amount of warranty expense on Angel's 2012 income statement is:

At the Beginning of 2012,Angel Corporation Began Offering a 1-Year