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Indigo Company began the year with a credit balance in the Refund Liability account of $43800. Credit sales during the year were $660000. Indigo customers made cash payments on account of $632000. During the year, customers returned $32850 worth of goods. Indigo estimates that 6% of credit sales will be returned. What is the balance in Indigo's Refund Liability account at the end of the year? $116250$39600$50550$48870 Indigo Company began the year with a credit balance in the Refund Liability account of $43800. Credit sales during the year were $660000. Indigo customers made cash payments on account of $632000. During the year, customers returned $32850 worth of goods. Indigo estimates that 6% of credit sales will be returned. What is the balance in Indigo's Refund Liability account at the end of the year? $116250$39600$50550$48870