$1,700 Loss 2. ABC Corporation traded-in old equipment with a new one. The original cost of the old equipment was $10,000. The accumulated depreciation of the old equipment at the time of trade-in was $8,500. On the other hand, the invoice price of the new equipment was $14,000. ABC was granted $2,200 trade-in-allowance for the old equipment and it paid the remaining amount in cash to acquire the new equipment. How much cash did ABC pay to get the new equipment? * (3 Points) O $11,800 $4,000 O $12,500 O $12,000 I 3. ABC Company had the following balances and transactions during 2009. Beginning inventory March 6 10 units at $70 per unit purchased 9 units for $71 per unit sold 8 units for $100 per unit