May & Day CPAs are engaged by XYZ Company to audit the records of gross sales of ABC Stores Corporation. ABC Stores leases space in a shopping center owned by XYZ Company that is located on Island Boulevard in Water Island, New York. The annual rental, according to the lease agreement, is based on a percentage of gross sales as defined in the agreement dated March 5, 19X8. Prepare the report that May & Day should issue on the gross sales for the year ended December 31, 19X9, to be used in computing the rental. The extent of audit procedures to be applied is not restricted in any way, and the lease agreement guarantees XYZ Company full access to the accounting records of ABC Stores.