12. Noonan Industries balance in gross fixed assets was equal to $18,550,000 at the end of 2002. During the next year, it spent $6,530,000 on plant and equipment and had depreciation expense of $2,540,000. It wrote off $3,500,000 in fully ed equipment during the year. Find the balance in gross fixed assets at the end of 2003. (10 points) a. $21,580,000 b. $9,480,000 c. $19,040,000 d. $26,040,000