Required information [The following information applies to the questions displayed below.] Moreno Company began Year 1 with a balance of $700 in Sales Tax payable. During the year, the company recorded taxable sales of $96,500. The ending balance in Sales Tax payable was $845. Moreno's sales tax rate is 4%. Required: a) How much sales tax did Moreno collect during Year 1 ? Required information [The following information applies to the questions displayed below.] Moreno Company began Year 1 with a balance of $700 in Sales Tax payable. During the year, the company recorded taxable sales of $96,500. The ending balance in Sales Tax payable was $845 Moreno's sales tax rate is 4%. Required: b) How much sales tax did Moreno remit (pay to taxing authority) during Year 1