Economics · Financial Accounting

Paul is a sole trader whose accounting records are incomplete. All sales are cash sales. During the year, $50,000 was transferred from cash in hand to the bank, including $5,000 from the sale of a business car. He paid out $12,000 for wages in cash and withdrew $2,000 per month in cash for his living expenses. Cash in hand at the beginning and end of the year was $300 and $400 respectively. What were Paul's total sales for the year?