Lawrence Products had a beginning balance in Furniture and Fixtures, net of depreciation, of $ 192,000. The

Question:

Lawrence Products had a beginning balance in Furniture and Fixtures, net of depreciation, of $ 192,000. The ending balance in that account was $ 196,500. Depreciation expense for that period was $ 20,000, and there were no sales of furniture or fixtures during the period. What was the amount of furniture and fixtures purchases?