On January 1, 2020, Agronomist Inc

On January 1, 2020, Agronomist Inc. had a balance of $340,000 in the long-term investments account. During 2020, Agronomist Inc. sold long-term investments for $115,000 cash, resulting in a $13,000 gain. On December 31, 2020, the long-term investments account showed a balance of $380,000. The long-term investments purchased during 2020 totalled:

A) $75,000
B) $155,000
C) $265,000
D) $142,000