16. The following schedule of funds is available to form a sinking fund. Current year (n) n+ 1 n+2 n+3 5,000 4,000 3,000 2,000 At the end of the fourth year, equipment costing S24,000 will have to be purchased as a replacement for old equipment. Money is valued at $205 by the company. At the time of purchase, how much money will be needed to supplement the sinking fund? l be needed t spement the s (A)$820 (B) S1,000 (C) $8,200 (D) $24,000 (E) None of the above/indeterminable