11 01:16:24 Moreno Company began Year 1 with a balance of $400 in Sales Tax payable. During the year, the company recorded taxable sales of $92,000. The ending balance in Sales Tax payable was $560. Moreno's sales tax rate is 4%. Required: a. How much sales tax did Moreno collect during Year 1? b. How much sales tax did Moreno pay during Year 1? a. Sales tax collected b. Sales tax paid

Moreno Company began Year 1 with a balance of $400 in Sales Tax payable. During the yeor, the company recorded taxable sales of $92,000. The ending balance in Sales Tax payable was $560 Moreno's soles tax rate is 4% Required: a. How much sales tax did Moreno collect during Year 1? b. How much sales tax did Moreno pay during Year 1