ASAP

Crane Company selts 302 units of its products for $20 each to John Inc. for cash. Crane allows John to return any unused product. within 30 days and recelve a full refund. The cost of each product is $13. To determine the transaction price, Granie decides that the approach that is most predictive of the amount of consideration to which it will be entitled is the probability weighted amount. Usinh the probability-weighted amount, Crane estimates that (1) 9 products will be returned and (2) the returned products are expected to be resold at a proht: (a) Indicate the amount of net sales. Netsales $ (b) Indicate the amount of estimated liability for refunds. Wiailty for refunds (c) Iodicate the ambunt of cort of moods sold that Crane shouldreport in its financiss statenents lassiame that nore at the producta fowe been returned at the financials statement datci Cose et godassold 5