At December $31,2021,$ EarthWear has $$5,890,000$ in a liability account labeled $$Reserve for returns.$$ The footnotes to the financial statements contain the following policy: $$At the time of sale, the company provides a reserve equal to the gross profit on projected merchandise returns, based on prior returns experience.$$ The entity has indicated that returns for sales that are six months old are negligible, and gross profit percentage for the year is $42\mathrm{.}5$ percent. The entity has also provided the following information on sales for the last six months of the year: Month Monthly Sales $(000$s$)$ Historical Return Rate July $ $73,3000\mathrm{.}004$ August $82,8000\mathrm{.}006$ September $93,5000\mathrm{.}010$ October $110,2000\mathrm{.}015$ November $158,2000\mathrm{.}025$ December $202,5000\mathrm{.}032$ Required: Using the information given, develop an expectation for the reserve for returns account. Because the rate of return varies based on the time that has passed since the date of sale, do not use an average historical return rate. Note:$$Enter all answers in dollars $($not thousands of dollars$).$ Enter Gross Margin value in decimals and not percentages, rounded to $3$ decimal places.