3. Property, Plant, and Equipment, net balance at 12/31/2021: $270,000 Property, Plant, and Equipment, net balance at 12/31/2020: $220,000 Assume all purchases of PP&E were for cash. The company reported depreciation expense of $25,000 for the year. Also, assume there was a disposal of a piece of equipment. The company received $5,000 cash for the equipment and reported a gain of $2,000 on the sale. Determine cash paid for Property, Plant, and Equipment for 2021(Hint: p.631 in textbook has a nice picture of the T-account for PPE, net): 270,000-25,000=245,000-5,000-78,000 What is the market value of PP&E as of 12/31/2021?