Assume a merchandising company provides the following information from its master budget for the month of September Cost of goods sold 79,800 Cash paid for merchandise purchases $ 74,900 Selling and administrative expenses $ 34,800 Cash paid for selling and administrative expenses $ 26,400 Retained earnings, May 1 $ 19,900 Retained carings, May 31 $ 27,800 $ 10,000 Dividends declared and paid in September 16 The company does not have any loans. What is its budgeted sales for September? Ignore taxes A S 132,500 BS 122,500 CS 124,100 DS 115,500 E None of the above