Acompany has a selling price of $1,500 each for its printers. each printer has a 2 year warranty that covers replacement of defective parts. it is estimated that 3% of all printers sold will be returned under the warranty at an average cost of $144 each. during november, the company sold 24,000 printers, and 340 printers were serviced under the warranty at a total cost of $47,000. the balance in the estimated warranty liability account at november 1 was $26,000. what is the company's warranty expense for the month of november?