Rusty Hardware makes only cash sales. It began 2021 with a credit balance of $33,300 in the refund liability account. Sales during 2021 were $730,000. Rusty estimates that 5% of all sales will be returned. During 2021 , customers returned merchandise for credit of $30,600 to their accounts. Rusty's 2021 income statement would report net sales of: Multiple Choice $693,500. $730,000. $696,200. $733,200