Question - Northern Electric (NE) owed Estimated Warranty Payable of $1,200 at the end of 2015. During 2016, NE made sales of $110,000 and expects product warranties to cost the company 44% of the sales. During 2016, NE paid $2,300 for warranties. What is NE's Estimated Warranty Payable at the end of 2016?
A. $5,600
B. $4,400
C. $3,300
D. $2,300