In the current year, Laker Corporation had sales of $$2,020,000$ and cost of goods sold of $$1,210,000.$ Laker expects returns in the following year to equal $6\%$ of sales and $6\%$ of cost of goods sold. The unadjusted balance in Inventory Returns Estimated is a debit of $$8,000,$ and the unadjusted balance in Sales Refund Payable is a credit of $$12,000.$ The adjusting entry or entries to record the expected sales returns is $($are$)$: