Posner 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. Posner Co. records the sales tax in the Sales Revenue account. The amount recorded in the Sales Revenue account during May was $251,450.

The amount of sales taxes payable (to the nearest dollar) to the state for the month of May is

$16,121.

$20,762.

$12,573.

$17,250.