Question 3:33 points www Hubbard Manufacturing allows its customers to return merchandise for any rease up to 90 days after delivery and receive a credit to their accounts. All of Hubbants sales are for credit (no cash is collected at the time of sale). The company began 2000 with an allowance for sales returns of $200,000. During the year, Hubbard sold merchandise on account for $12,000,000. This merchandise cost Hubbard S8.520,000. Also during the year, customer telurned $450,000 in sales for credit, Sales returns, estimated to be 4% of sales, are recorded as an adjusting entry at the end of the year, Question What is the year-end balance in allowance for sales returns after the adjusting enery is recordod? $400,000 400,000 200.00