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Balance Sheet Data Accounts receivable Inventories Accounts payable Salaries payable Equipment Accumulated depreciation Bonds payable Common stock Retained earnings Income Statement Data Net sales Cost
Balance Sheet Data Accounts receivable Inventories Accounts payable Salaries payable Equipment Accumulated depreciation Bonds payable Common stock Retained earnings Income Statement Data Net sales Cost of goods sold Operating expenses (excluding depreciation expense) Net income 2019$36,00028,00031,0002,00060,00012,00050,000150,00038,0002018$42,00025,00035,0001,00040,00016,000100,000100,00020,000 Gain on sale of equipment (included in net income above) Additional information: (1) Equipment with a cost of $15,000 and a book value of $3,000 was sold for (1) $5,000 during 2019. (2) Common stock was issued during 2019 . (3) The only items affecting retained earnings in 2019 were net income and dividends declared and paid. (4) Bonds were retired during 2019 . A. What amount was paid to acquire equipment during 2019
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