Sage Company sells 290 units of its products for $20 each to Logan inc. for cash. Sage allows Logan to return any unused product within 30 days and receive a full refund. The cost of each product is $13. To determine the transaction price, Sage decides that the approach that is most predictive of the amount of consideration to which it will be entitled is the probability-weighted amount. Using the probability-weighted amount, Sage estimates that (1) 9 products will be returned and (2) the returned products are expected to be resold at a profit. (a) Indicate the amount of Net sales: Netsales $ (b) Indicate the amount of estimated liability for refunds. Liability for Refunds 5 (c) Indicate the amount of cost of goods sold that Sage should report in its financial statements (assume that none of the products have been returned at the financial statement datel