On January 1, 20X6, Turbo, Inc. had a balance of $340,000 in the Investments account. During 20X6, Turbo sold investments for $115,000 cash, resulting in a $13,000 gain. On December 31, 20X6, the Investments account showed a balance of $380,000. The cost of investments purchased during 20X6 totaled: $142,000 $265,000 $155,000 $75,000