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! Required information [ The following information applies to the questions displayed below. ] The following selected transactions apply to Topeca Supply for November and

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Required information
[The following information applies to the questions displayed below.]
The following selected transactions apply to Topeca Supply for November and December Year 1. November was the first
month of operations. Sales tax is collected at the time of sale but is not paid to the state sales tax agency until the
following month.
Cash sales for November Year 1 were $65,500 plus sales tax of 7 percent.
Topeca Supply paid the November sales tax to the state agency on December 10, Year 1.
Cash sales for December Year 1 were $80,500 plus sales tax of 7 percent.
c. What was the total amount of sales tax collected in Year 1?
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