McGrath Company sold an investment at a gain of ($ 22,000). The Investment account reports a beginning

Question:

McGrath Company sold an investment at a gain of $\$ 22,000$. The Investment account reports a beginning balance of $\$ 104,000$ and an ending balance of $\$ 91,000$. During the year, McGrath purchased new investments costing $\$ 31,000$. What were the proceeds from the sale of investments? (p.744)

a. $\$ 22,000$

b. $\$ 44,000$

c. $\$ 66,000$

d. $\$ 186,000$

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