Enabled: Midterm Two_10_29_2020 Saved Help Save & Exit su Assume a merchandising company provides the following information from its master budget for the month of May. Cost of goods sola Cash paid for merchandise purchases Selling and administrative expenses Cash paid for selling and administrative expenses Retained earnings, May 1 Retained earnings, May 31 $79,500 $74,600 $34,500 $26,600 $19,600 $26,200 58:43 If the company does not pay any interest or dividends, what is its budgeted sales for May? Ignore taxes Multiple Choice 5116,000 S101.500