The balance in PP&E on Company A's Year 1 Balance Sheet is $20,000 and the balance in PP&E on its Year 2 Balance Sheet is $50,000. Depreciation expense recorded during Year 2 totaled 5,000. The company sold some equipment with a net book value of $2,000. How much PP&E did the company purchase during Year 2? Assuming no other transactions affected the account during the year.Hint: you may find it helpful to use a t-account as you work through this question.

$57,000

$35,000

$37,000

$30,000