A company has a January 1, 2020 balance for CCA class 53 of $150,000. During 2020, the company acquired additional Class 53 assets for a total cost of $2,200,000. Also, one of the several Class 53 assets was sold during the year for proceeds of $50,000. It had a cost of $200,000.

Which of the following answers corresponds to the maximum CCA allowed for the company's Class 53 for the year 2020?

if none of the above is the selected answer, show explaination/calculation to support answer

$1,687,500

$1,700,000

None of the choices shown.

$2,275,000

$612,500

$2,250,000

$2,225,000

$2,165,000