Given this information: 2019 2020 Cash $2,800 $2,200 Accounts receivable $4,600 $8,000 Inventory $11,000 $13,500 Prepaid insurance $400 $750 Equipment $24,000 $28,000 Accum. Depreciation ($14,000) ($17,500) Land $18,000 $21,000 $46,800 $55,950 2019 2020 Accounts payable $3,600 $6,350 Wages payable $1,000 $1,400 Utilities payable $2,200 $1,500 Note payable $24,000 $30,000 Interest payable $1,600 $2,800 Common stock $12,000 $12,000 Retained earnings $2.400 $1,900 $46,800 $55,950 If an additional plot of land was purchased in 2020 for $8,000 and there was a loss of $1,500 on the sale of land purchased in a prior year, how much was the selling price of the land? $9,500 O $6,500 O $5.000 $3,500 O None of the above