Ayayai Company began the year with a credit balance in the Refund Liability account of $51300. Credit sales during the year were $775000. Ayayai customers made cash payments on account of $742000. During the year, customers returned $38475 worth of goods. Ayayai estimates that 6% of credit sales will be returned. What is the balance in Ayayai's Refund Liability account at the end of the year? $136275$57345$46500$59325