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Sales in 2016 were 40 million what was the balance in the

Question - Carpenter Inc. had a balance of $80,000 in its quality-assurance warranty liability account as of December 31, 2015. In 2016, Carpenter's warranty expenditures were $445,000. Its warranty expense is calculated as 1% of sales. Sales in 2016 were $40 million. What was the balance in the warranty liability account as of December 31, 2016?

a. $35,000.

b. $425,000.

c. $125,000.

d. $480,000.

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Accounting Basics: Sales in 2016 were 40 million what was the balance in the

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