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At the beginning of 2018, Angel Corporation began offering a year warranty on its products....

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At the beginning of 2018, Angel Corporation began offering a year warranty on its products. The warranty program was expected to cost Angel 5% of et sales. Net sales made under warranty in 2018 were $270 million. Five percent of the units sold were returned in 2018 and repaired or replaced at a cost of $12.1 million. The amount of warranty expense on Angel's 2018 income statement is: $40.5million O $10.7 million, $12.1 million $13.5 million. At the beginning of 2018, Angel Corporation began offering a year warranty on its products. The warranty program was expected to cost Angel 5% of et sales. Net sales made under warranty in 2018 were $270 million. Five percent of the units sold were returned in 2018 and repaired or replaced at a cost of $12.1 million. The amount of warranty expense on Angel's 2018 income statement is: $40.5million O $10.7 million, $12.1 million $13.5 million

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