1. The following selected data were taken from the financial statements of Aggie Company.

	Dec 31, 2018	Dec 31, 2019
Accounts receivable	$380,000	$360,000
Rent receivable	3,200	3,360
Inventories	180,000	176,000
Supplies	1,360	2,000
Property, plant, & equipment	400,000	480,000
Accumulated depreciation	80,000	84,000
Accounts payable	216,000	212,000
Other accrued liabilities	40,800	43,200
Retained earnings	72,000	100,160

In addition, you have learned that property, plant, and equipment with a historical cost of $16,000 was sold during the year for cash. Accumulated depreciation related to the assets sold was $4,000.

Aggie Companys income statement for 2019 is below

Revenues
Sales	$400,000
Rental Income	6,560
Gains on sales of P, P, &E	1,600
Total revenues	408,160
Expenses
COGS	278,800
Supplies used	3,760
Other accrued expenses	61,600
Depreciation expense	8,000
Total expenses	352,160
Net Income	56,000

1. For how much was the property, plant, and equipment sold during the year?
2. How much property, plant, and equipment was purchased during the year?