Answer please.

Recording Estimated Returns Fizer recognized sales of $500,000 during the year on merchandise with a cost of $260,000. Actual sales returns during the year were $2,800. Based on historical trends, the company estimates total returns to be 1.5% of sales. Assuming all sales are on account, record the adjusting entries for estimated sales returns on December 31 . Include the cost of goods sold entry. Note: Round your answers to the nearest whole number