During August 20X1, Packer Manufacturing had the following cash receipts and disbursements:

Cash received from customers ................................................ $319,000
Cash received from selling equipment ....................................... 11,200
Cash paid for salaries .................................................................... 47,000
Cash paid to suppliers for inventory purchases ...................... 130,000

In addition, the following balance sheet account balances were shown on Packer’s books:

Assume all sales and purchases are on account.

Required:

1. Determine sales for August 20X1.

2. Determine salary expense for August 20X1.

3. Determine cost of goods sold for August 20X1.

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July 31, 20X1 August 31, 20X1 Accounts receivable Inventory Accounts payable Salaries payable $128,000 33,000 21,000 $135,000 25,000 25,000 8,000 5,000