Wilcox Inc sells New Year's Eve party favors. During the year, they had sales of $100,000. Cost of the inventory sold was 60% of sales. Wilcox estimates returns at 5% for the year. Which of the following would be part of the journal entry for recording the returns estimate? O Credit CGS 3,000 O Credit Refund Liability 3,000 Credit Accts Rec 5,000 O Credit Sales Returns 5,000