Alamo Freeze Corporation starts in business on October 1, and here are some of its transactions during the next three months:

• Oct. 1 - Paid one year's rent of $12,000.
• Oct. 1 - Bought equipment for $18,000 cash . The equipment is expected to last 6 years and then be worthless.
• Oct. 1 - Bought inventory for $12,000 on account.
• Nov. 1 - Bought land for $21,000 cash.
• Nov. 14 - Sold $2,000 of inventory for $9,500 cash.
• Dec. 10 - Sold $3,500 of inventory for $18,000 on account.
• Dec. 20 - Sold one-half of land for $12,000 in cash.
• Dec. 31 - Paid a dividend of $2,000.

How much were Alamo Freeze's total net fixed assets at December 31, 2020?

Group of answer choices

$28,500

$27,750

$17,250

$38,250

None of the above