Green Gardens Inc

Green Gardens Inc. purchased a piece of Class 8 machinery in 20x0. The cost of the machine was $5,000. In 20x2, the machine was sold for proceeds of $2,000 and there were no other purchases or disposals during the year. The UCC in the Class 8 pool was $5,500 at the beginning of 20x2. What is the UCC of this class at the end of 20x2? (Assume 20x2 is 2019.)

A) $700
B) $2,800
C) $3,500
D) $4,800