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D is corrent. The requirement is to determine the amount of royalty income for the year. Gross sales are $600,000 for Hitch Corp. The estimated 1% returns should be subtracted from gross sales to determine the net sales for the period, or $594,000 ($600,000 – $6,000). Therefore, this answer is correct because the royalty amount for the year is equal to $59,400 ($594,000 net sales × 10% royalty rate).
A is incorrect.   The requirement is to determine the amount of royalty income for the year. Gross sales are $600,000 for Hitch Corp. The estimated 1% returns should be subtracted from gross sales to determine the net sales for the period, or $594,000 ($600,000 – $6,000). Therefore, this answer is incorrect because the royalty amount for the year is equal to $59,400 ($594,000 net sales × 10% royalty rate).  
A is incorrect.   The requirement is to determine the amount of royalty income for the year. Gross sales are $600,000 for Hitch Corp. The estimated 1% returns should be subtracted from gross sales to determine the net sales for the period, or $594,000 ($600,000 – $6,000). Therefore, this answer is incorrect because the royalty amount for the year is equal to $59,400 ($594,000 net sales × 10% royalty rate).  
A is incorrect.   The requirement is to determine the amount of royalty income for the year. Gross sales are $600,000 for Hitch Corp. The estimated 1% returns should be subtracted from gross sales to determine the net sales for the period, or $594,000 ($600,000 – $6,000). Therefore, this answer is incorrect because the royalty amount for the year is equal to $59,400 ($594,000 net sales × 10% royalty rate).