Vail Book Mart sells books and other supplies to students in a state where the sales tax rate is 8 percent Vail Book Mart engaged in the following transactions for 2016. Sales tax of 8 percent is collected on all sales 1. Book sales, not including sales tax, for 2016 amounted to $278,000 cash. 2. Cash sales of miscellaneous items in 2016 were $151,000, not including tax. 3. Cost of goods sold was $211,000 for the year. 4. Paid $129,000 in operating expenses for the year. 5. 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? tax colle b. Prepare the journal entries for the above transactions. (If no entry is required for a transaction/event select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Book sales, not including sales tax, for 2016 amounted to $278,000 cash. Note: Enter debits before credits esc 0A