Equipment, beginning of year Equipment, end of year Accumulated depreciation, beginning of year Accumulated depreciation, end of year $170.000 210,000 95,000 92,000 Equipment with a cost of $10,000 and a book value of $3,000 was sold during the year for cash of $9,000. Additional equipment was purchased during the year for cash Use the information above to answer the following question. What was the amount of cash paid for purchases of equipment during the year? $40,000 $43,000 $50,000 $31,000