. Maison Company began business on Jan. 1, 2020. Here are some of its transactions during its first three months in business: Feb. 1 - Paid $900 for insurance for three months. Feb. 1 - Bought equipment for $15,000 cash. The equipment is expected to last for five years and then be worthless. Feb. 8 - Purchased inventory on account for $8,000. Feb. 14 - Bought land for $11,000 cash. . Feb. 26 - Sold $2,500 of inventory for $7,000 cash. March 2 - Paid accounts payable. March 7 - Sold one-half of the land for $6,000 cash. March 26 - Sold $5,000 in inventory for $13,000, half in cash and half on account. How much were Maison's total net fixed assets at March 31, 2020? $20,500 $25,500 $20,000 $14,500 None of the above