Concord Co. is a retail store operating in a state with a 7% retail sales tax. The retailer may keep 2% of the sales tax collected. Concord Co. records the sales tax in the Sales Revenue account. The amount recorded in the Sales Revenue account during May was $756490. The amount of sales taxes payable (to the nearest dollar) to the state for the month of May is

$51897.

$62423.

$48500.

$37856.