An analysis of changes in selected balance sheet accounts of Johnson Corporation shows the following for the current year:

Plant and Equipment accounts:
Debit entries to asset accounts	$ 161,000
Credit entries to asset accounts	$ 118,500
Debit entries to accumulated depreciation accounts (resulting from sale of plant assets)	$ 91,500
Credit entries to accumulated depreciation accounts (representing depreciation for the current year)	$ 107,500

Johnson's income statement for the current year includes a $14,500 loss on disposal of plant assets. All payments and proceeds relating to purchase or sale of plant assets were in cash.

The amount of cash paid by Johnson to acquire plant assets during the current year was:

Multiple Choice

• $53,500.

• $161,000.

• $42,500.

• $268,500.