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NEED HELP Rusty Hardware makes only cash sales. It began 2021 with a credit balance of $32,600 in the refund liability account. Sales during 2021

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Rusty Hardware makes only cash sales. It began 2021 with a credit balance of $32,600 in the refund liability account. Sales during 2021 were $660,000. Rusty estimates that 6% of all sales will be returned. During 2021, customers returned merchandise for credit of $29,200 to their accounts. Rusty's 2021 income statement would report net sales of: Multiple Choice $667,000. $623,800. $660,000. $620,400

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