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On January1, 2017,Sophie's Sunlounge owned 4 tanning beds valued at$20,000. During2017, Sophie's bought 3 new beds at a total cost of $12,000. At the end

On January1, 2017,Sophie's Sunlounge owned 4 tanning beds valued at$20,000.

During2017, Sophie's bought 3 new beds at a total cost of $12,000. At the end of theyear, the market value of all ofSophie's beds was $26,000.

CalculateSophie's gross investment and depreciation during 2017.

Sophie's gross investment during 2017 was $........?

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