A retail store credited the Sales Revenue account for the sales price and the amount of sales tax on sales. If the sales tax rate is 4% and the balance in the Sales Revenue account amounted to $300300, what is the amount of the sales taxes owed to the taxing agency? O $12012 $288750 $300300 O $11550

A retail store credited the Sales Revenue account for the sales price and the amount of sales tax on sales. If the sales tax rate is 4% and the balance in the Sales Revenue account amounted to $300300, what is the amount of the sales taxes owed to the taxing agency? \begin{tabular}{|l|} \hline 12012 \\ $288750 \\ $300300 \\ $11550 \end{tabular}