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Multiple Choice

[The following information applies to the questions displayed below.]
An analysis of changes in selected balance sheet accounts of Hierarchy Corporation shows the following for the current year:
Hierarchy's income statement for the current year includes a $9,600 gain on disposal of plant assets.All payments and proceeds relating to purchase or sale of plant assets were in cash.
-Total cash proceeds received by Hierarchy from sales of plant assets during the current year amounted to:

A) $696,000.
B) $705,600.
C) $633,600.
D) $768,000.