Nvidia had a balance of $$32,600$ in the refund liability account as of January $1,2024.$ Nvidia estimates that $6\%$ of all sales will be returned. Sales, cash

collections from customers during the year, and the amount that the customers returned during the year were $$570,000,$$$530,000,$ and $$19,000,$

respectively.

The refund liability account as of December $31,2024?$

Multiple Choice

$$34,200$

$$53,200$

$$13,600$

$$47,800$