On January 1, 2019, plant assets, net are $220,000. On December 31, 2019, plant assets, net are $270,000. Depreciation expense for the year is $22,000. During the year, plant assets were acquired for...

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Extracted text: On January 1, 2019, plant assets, net are $220,000. On December 31, 2019, plant assets, net are $270,000. Depreciation expense for the year is $22,000. During the year, plant assets were acquired for $152,000 with cash. There is a Gain on sale of plant asset of $9,000. What are the cash proceeds from the sale of the plant asset? O A. $80,000 O B. $89,000 OC. $0 O D. $71,000 Next MacBook Air 80 DII DO esc FS F9 F11 F12 ! 2$ & 1 2 3 4 7 9 delete Q E R Y { tab A S F H J K caps lock return C V <> shift V * :