1. Goodworld estimates its sales returns at the end of each month. On December 1, 20X1, Goodworldss Sales Return Liability account had a normal balance of $6,000. During December, they had sales on account to customers totaling $300,000 and actual cash returns of $4,000.

At the end of December, they estimates sales returns related to Decembers sales will be $8,000.

Question: What should be the Sales Return Liability account balance on 12/31/X1 after all entries have been made?