Chelsea Inc. sells merchandise to its customers in the first quarter of 2020 and collects $410,750. The amount collected includes sales tax of 6%. The sales tax amount will be submitted to taxing authorities on a quarterly basis with the next payment due April 5, 2020. Assuming no other transactions affecting sales tax, what is the balance in Sales Taxes Payable on March 31, 2020? O A) $-0- B) $24,645 C) $23,250 OD) $ 7,750