Company sells clothing providing customers with the right to return the clothing within 60 days of the purchase and receive a full refund. For the current period Company has $800,000 in sales. Company can reliably estimate expected returns. Based on history, Company provides the following estimates of returns in dollar amounts:

70% probability that returns will be $50,000

30% probability that returns will be $40,000

Determine (net) sales revenue that Company will report for the period using the most likely amount method to account for returns