On October 13, 2019, CDC Ltd. sold Gosh Co. products for $3,000 on credit and the products had cost CDC $1,200. The expected return rate is 12%. On November 8, 2019, Gosh returned products worth $400 to CDC and the returned products had a cost of $160 and are still in saleable condition. 26. What is the balance of Refund Liability as at October 13, 2019? a) b) c) d) e) $216 on debit. $216 on credit. $360 on debit. $360 on credit. None of the above. 27. What is the balance of Estimated Inventory Returns as at November 8, 2019? abouo $16 on debit. $16 on credit. $256 on debit. $256 on credit. None of the above