For the next __3__ questions, use this information. Equipment with a cost of $100,000 and accumulated depreciation of $75,000 was sold for $30,000.

1. What was the impact of the transaction on operating activities in the statement? a. -$25,000 b. +$25,000 c. +$30,000 d. -$5,000

2. How much was depreciation expense for the year? a. $170,000 b. $95,000 c. $20,000 d. $150,000

3. What amount of equipment was purchased during the year? a. $45,000 b. $55,000 c. $155,000 d. $70,000