Volnek and Sons had $24,300 in net fixed assets at the beginning of the year. During the year, the company purchased $5,700 in new equipment. It also sold some old equipment with a book value of $990. The depreciation expense for the year was $4,400. What is the net fixed asset balance at the end of the year, if the market value of inventories is $3,200? Answer Tolerance: $ 375