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Need help on this! Answer choices are1,000 121,200115,900101,300 Thanks! Assume a merchandising company provides the following information from its master budget for the month of

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Need help on this! Answer choices are1,000 121,200115,900101,300 Thanks!

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Assume a merchandising company provides the following information from its master budget for the month of May: Cost of goods sold $79 , 700 Cash paid for merchandise purchases $74, 800 Selling and administrative expenses $34, 700 Cash paid for selling and administrative expenses $26, 900 Retained earnings, May 1 $19 , 800 Retained earnings, May 31 $26, 600 If the company does not pay any interest or dividends, what is its budgeted sales for May? Multiple Choice O $1,000 $121,200 O $115,900

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