During the year, Carson Egg Processing sold assets with a total book value of $25,600 and also recorded $20,745 in depreciation expense.

During the year, Carson Egg Processing sold assets with a total

book value of $25,600 and also recorded $20,745 in depreciation

expense. Carson had beginning net fixed assets of $85,642 with ending

net fixed assets of $124,512. The market value of assets sold was

$37,500 and the market value of ending net fixed assets is

$154,250. How much did the company spend to buy new fixed assets?

a. -$7,475

b. $37,400

c. $43,725

d. $85,215

e. $215,009