29 During 2021, its first year of operations. Ashbaugh Industries recorded sales of $21000,000 and experienced returns of $1,400,000. Returns are accounted for as they occur with additional estimated returns accrued at the end of the period Cost of goods sold totaled $12.600,000 (60% of sales). The company estimates that 8% of all sales will be returned. The year end adjusting Journal entry to account for anticipated sales returns would include o Multiple Choice Credit to refond Tablity of $280,000 Credit to sum of $280.000 De return of S1600.000 De to cost of of 000