Michael's Bakery Had $236,400 in Net Fixed Assets at the Beginning

Multiple Choice

Michael's Bakery had $236,400 in net fixed assets at the beginning of the year.During the year, the company purchased $53,200 in new equipment.It also sold, at a price of $22,000, some old equipment that had a book value of $5,900.The depreciation expense for the year was $13,400.What is the net fixed asset balance at the end of the year?

A) $260,000
B) $283,700
C) $276,200
D) $270,300
E) $289,600