Dale Company sells computers at a selling price of $1,800 each. Each computer has a 2 year warranty that covers replacement of defective parts. It is estimated that 2% of all computers sold will be repaired under the warranty at an average cost of $150 each. During November, the company sold 30,000 computers, and 400 computers were serviced under the warranty during November at a total cost of $55,000. The balance in the Estimated Warranty Liability account on November 1 was $29,000. What is the balance in the Estimated Warranty Liability account on November 30?

A) $6,000
B) $35,000
C) $55,000
D) $90,000
E) $64,000

Ans: E) $64,000