Equipment with a Cost of $20,000 and a Book Value

Multiple Choice

Equipment with a cost of $20,000 and a book value of $6,000 was sold during the year for cash of $18,000.Additional equipment was purchased during the year for cash.
What was the amount of cash paid for purchases of equipment during the year?

A) $80,000
B) $86,000
C) $100,000
D) $62,000