The Shorestone Company had the following results in 2012:

Account Balances

End of Year Beginning of Year

Year Property, plant, and equipment $920,000 $890,000

Accumulated depreciation (305,000) (298,000)

Net Property, plant, and equipment $615,000 $592,000

During the year the company sold an asset which had an original cost of $120,000 and accumulated depreciation of $66,000. How much are purchases of property, plant, and equipment reported on the statement of cash flows for 2012?

$150,000

$30,000

$23,000

$90,000