Vail Book Mart sells books and other supplies to students in a state where the sales tax rate is $6$ percent. Vail engaged in the following

transactions during the year. Sales tax of $6$ percent is collected on all sales.

Book sales, not including sales tax, for the year amounted to $$271,000$ cash.

Cash sales of miscellaneous items for the year were $$146,000,$ not including tax.

Cost of goods sold was $$210,000$ for the year.

Paid $$131,000$ in operating expenses for the year.

Paid the sales tax collected to the state agency.

Required:

a$.$ What is the total amount of sales tax Vail Book Mart collected and paid for the year?

b$.$ What is the Vail Book Mart's net income for the year?

a$.$ Sales tax collected

b$.$ Net income