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New Age clothing sells clothing to customers. On february 1 5 , 2 0 2 3 , customers purchased $ 6 , 0 0 0

New Age clothing sells clothing to customers. On february 15,2023, customers purchased $6,000 in clothing cost of $3,000. Sales returns are allowed up to 60 days. At the end of February, 2023, when financial statements are prepared, customers had returned clothing with a retail price of $800(cost $400). Based on prior experience, New Age clothing estimates that $1,200 in additional returns ( cost $600) will occur during the remaining refund period. How much revenue should New Age clothing report in its February 2023 financial statements?

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