The following information relates to Equipment and related accounts of El Sheikh Corporation: Equipment, beginning balance: $70,000 Equipment, ending balance: $100,000 Equipment sold during the year: Original cost, $9,000;Book value, $2,000 Fully depreciated equipment disposed of during the year:Original cost, $3,000 Accumulated Depreciation, beginning balance:$50,000Accumulated Depreciation, ending balance:$42,000 Assuming that all equipment purchases are for cash, how much cash was used to purchase equipment during the year?

Answers: $44,000 $33,000 $42,000 $40,000