A business sold some inventory that had cost $$5,000$ before taxes. The sale is subject to $5\%$ goods and services tax $($GST$)$ and $7\%$ provincial sales tax $($PST$).$ The business uses a perpetual inventory system. How much will be credited to the Merchandise Inventory account as a result of this sale?

Multiple Choice

None of the choices are correct

$$5,000$

$$5,300$

$$5,350$

$$5,600$