Walmart inc. is an American multinational retail corporation that operates a chain of hypermarkets and it is headquartered in Bentonville, Arkansas. Walmart Inc. began 2024 with a credit balance of $31,200 in the refund liability account. Walmart inc.'s sales and cash collections from customers during the year were $570,000 and $530,000, respectively. Walmart Inc. estimates that 6% of all sales will be returned. We also know that during 2024 , customers returned merchandise for credit of $21,000 to their accounts. Walmart inc's 2024 income statement would report net sales of: Multiple Choice $559,800. $549,000. $535,800 $538,800