6 points Save An Jolinar and Sons had $26,500 in net fixed assets at the beginning of the year. During the year, the company purchased $8,000 in new equipment. It also sold, at a price of $2,500, some old equipment with a book value of $530. The depreciation expense for the year was $4,500. What is the net fixed asset balance at the end of the year? Answer Tolerance: +$375 transcript