(Solved): Assume that a merchandising company provided the following beginning and ending budgeted balance sh ...

Assume that a merchandising company provided the following beginning and ending budgeted balance sheets for a forthcoming month: Assume thot all of the company's sales are on account and it has no uncollectible accounts. If the cash collected from customers during the period is $\$120,000$, then how much sales must be shown on the company's budgeted income statement?