Assume that a merchandising company provided the following beginning and ending budgeted balance sheets for a forthcoming month:

Beginning Balances

Ending Balances

Cash

$$30,000$

$$38,000$

Accounts Receivable

$$13,000$

$$16,000$

Inventory

$$20,000$

$$18,000$

Buildings and equipment

$$100,000$

$$100,000$

Accumulated depreciation

$(25,000)$

$(30,000)$

Total Assets

From above: $138,000$

$$142,000$

Accounts payable

$$4,000$

$$5,000$

Common stock

$$60,000$

$$60,000$

Retained earnings

$$74,000$

$$77,000$

Total liabilities and stockholders$$ equity

$$138,000$

$$142,000$

Assume that 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?