AF... TeT Fox Co. operates a retail store. All items are sold subject to a 8% state sales tax, which Fox collects and records a sales revenue. Fox files quarterly sales tax returns when due, by the 20th day following the end of the sales quarte However, in accordance with state requirements, Fox remits sales tax collected by the 20th day of the month following any month such collections exceed $500. return. The sales taxes paid by Fox are charged against sales revenue. Fox takes these payments as credits on the quarterly sales tax Following is a monthly summary appearing in Fox's first calendar quarter sales revenue account: Debit Credit January S February 1,900 March S 31,500 19,400 13.900 $1,900 S64,800 In its March 31 balance sheet, what amount should Fox report as sales taxes payable? $4,800 O $2,900 - $1,900 o $5,184