32. On January 1, 2017, Minja Company bought equipment for $36,000. Minja depreciates equipment at $500 per month. The equipment's replacement cost (used) on December 31 is $32,000; its purchase cost (new) is $37,000. Minja should report a book value of equipment at 12/31/17 of a. $30,000 b. $31,000 c. $32,000 d. $36,000 33. Information from L ation for the fiscal year ending October 31, 2017 ash received from customers evenue earned ash paid for expenses ash paid for computers on 10/01/2017 to be used for 3 years xpenses incurred including depreciation roceeds from a bank loan, partly used to pay for computers 300,000 90,000 170,000 40,000 100,000 Based on what is L Corporation's net income for the year ending October 31, 2017? a. $220,000 b. $180,000 c. $150,000 d. $130,000