Please help me with this question in regards to missing amounts using in cash flows. The question is attached as .doc file.

Please help me with this question in regards to missing amounts using in cash flows. The question is attached as .doc file.

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The following information is provided for Stanton Company for January 2009:
1. Credit Sales: Not given
2. Cash sales: $75,000
3. 1/1/09 Merchandise inventory: $65,000
4. Gross margin for January: 53%
5. 1/1/09 Accounts receivable: $44,700
6. Net income: $21,060
7. 1/31/09 Accounts receivable: Not given
Additional Information:
1. All merchandise purchases are on credit
2. Only credit sales to customers are recorded in accounts receivable
Required:
If accounts receivable decreased $7,200 and cash collections from customers were $157,200
during January, what was the total credit sales for January?

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