During Benson Company's Most Recent Fiscal Year,beginning Plant Assets,net of Depreciation,totaled

Multiple Choice

During Benson Company's most recent fiscal year,beginning plant assets,net of depreciation,totaled $150,000,and ending plant assets totaled $187,500.Depreciation expense of $10,500 and a loss on sale of equipment of $1,125 was reported on the income statement.The company purchased plant assets for $60,050 during the year.How much will be reported as cash received from the sale of equipment in the investing activities section of the statement of cash flows?

A) $22,550
B) $10,925
C) $21,425
D) $36,375
E) None of the answer choices is correct.