During 2021, its first year of operations, First Order Industries recorded sales of $10,900,000 and experienced returns of $820,000. Cost of goods sold totaled $7,630,000 (70% of sales). The company estimates that 9% of all sales will be returned. Prepare the year-end adjusting journal entries to account for anticipated sales returns under the assumption that all sales are made for cash (no accounts receivable are outstanding). If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet Record the anticipated sales returns. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 View transaction list Journal entry worksheet Record estimated return of inventory. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Record entry Clear entry View generaliournal