ProBuilder reports merchandise sales of $74,000 and cost of merchandise sales of $18,500 in its first year of operations ending June 30. It makes fiscal-year-end adjusting entries for estimated future returns and allowances equal to 1% of sales, or $740, and 1% of cost of sales, or $185. A. & b. Prepare the June 30 fiscal-year-end adjusting journal entry for future returns and allowances related to sales and cost of sales.