Exercise 7-4 Recognising sales rex payable The Buluy selected transactions apply lo Big Stop for Norber and Dumb 2012 Nove was the in t h or uperans Sales las is col h etimor lelut is that paid to the state sales tax apky util the following month 1. Cash sales for November 2012 wee S65.000 plus sales tax of 8 percut 2. Br Siap padha November sales tax to that eney on December 10, 2112 3. Cash sales for December 2012 were 0.000 plus sales tax of percent Required a. Show the elloul of the abuncusut Un statemcals model like the one shown below. Anus = ability + Euvily Income Statement som * com suas hoe - = no me. Smation Casli = Sales Tax Pay. + Com. Stk. + Rel. Em. Rer. - Exp. = Net Inc. Cash Flow h. What was the total amount of sales tax paid in 2012! 4. What was the total amount of sales tax collected in 2012! W is the mount of the mola lability of Dember 31, 2012 4. On which Einancial statement will the sales tax liability appear