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Indigo Company sold 720 geospatial tracking units to Marigold Company for $504 each. Marigold has 60 days to return the unused goods. Indigo believes that

Indigo Company sold 720 geospatial tracking units to Marigold Company for $504 each. Marigold has 60 days to return the unused goods. Indigo believes that a good estimate of total items that will be returned by Marigold is 72 units. Prior to Indigo's year end, Marigold has returned 42 units. Marigold still has 25 days to make returns. 



What amount should Indigo in the Refund Liability account related to this activity on its year-end balance sheet?

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