False Value Hardware began 2021 with a credit balance of $32,000 in the refund lability account. Sales and cash collections from customers during the year were $650,000 and $610,000, respectively. False Value estimates that 6% of all sales will be returned. During 2021 , customers returned merchandise for credit of $28,000 to their accounts. False Value Hardware's 2021 income statement would report net sales of: Muluple Chaice 561000 5646,000 5607000