USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT (5) QUESTIONS : Following are selected balance sheet accounts of Allman Brothers Corp. at December 31, 2008 and 2007, and the increases or decreases in each account. Also presented are selected income statement information for the year ended December 31,2008 , and additional information. Seli Selected Income Statement information for the year ended December 31, 2008: Additional Information: 1. During 2008, equipment costing $45,000 was sold for cash. 2. During 2008, $20,000 of bonds payable were issued in exchange for property, plant and equipment. The bonds were issued at face value. 11. Proceeds from the sale of equipment: a. $22,000 b. \$23,000 (c.) $37,500 d. $45,000