Question 36 T. R. Holliday Corporation sold goods costing $3.400 for $7400 on account. After two weeks, the customer returned the goods. The goods are defective. T. R. Holliday estimates that it will be able to resale them for about $1,600. This $1,600 amount is the amount at which the inventory should be recorded in T. R. Holliday books once It is returned by the customer. How much Cost of Goods Sold remains on the books from the original sale AFTER the sales return is recorded? $1,600 O $9,000 $5,800 $5,000 $3,400 O $0 $1,800