A company reports the following balances as of the beginning and end of the year:

	PP&E (gross)	Accumulated Depreciation
Beginning of year	$60,000	$20,000
End of year	$80,000	$25,000

There were no dispositions during the year. What is your best estimate of the amounts and locations on the statement of cash flows for depreciation and capital expenditures?

	a.	$5,000 addition for depreciation expense in the operating section; $20,000 subtraction for capital expenditures in the investing section
	b.	$5,000 addition for depreciation expense in the operating section; $20,000 addition for capital expenditures in the investing section
	c.	$5,000 subtraction for depreciation expense in the operating section; $20,000 subtraction for capital expenditures in the investing section
	d.	$5,000 subtraction for depreciation expense in the operating section; $20,000 addition for capital expenditures in the investing section