1. These are extracts from the balance sheets of Mitchell Ltd: 30 June 2013 2014 Plant $10 000 $15 000 Accumulated depreciation - plant 4 000 5000 The income statement for the year ended 30 June 2014 shows: Depreciation expense - plant Proceeds from the sale of pla 1600 Carrying value of plant sold 2500 During the year Mitchell Ltd sold plant that had cost $3000. The investing cash outflows for the purchase of plant during the year are: 1500 Select one: a. S2000 b. $5000 C. $8000 d. $15 OOO