False Value Hardware began 2016 with a credit balance of $31,700 in the allowance for sales returns account. Sales and cash collections from customers during the year were $660,000 and $620,000, respectively. False Value estimates that 4% of all sales will be returned. During 2016, customers returned merchandise for credit of $21,000 to their accounts False Value's 2016 income statement would report net sales of: 29 Multiple Choice $628,300 $633,600. $649,300. $639,000 Preu