The Dalen Company Purchased Office Equipment That Cost $3,000 Cash $\begin{array}{llcc} \text { Balance Sheet} & \text { Statement of Cash Flows } \\\end{array}$

The Dalen Company purchased office equipment that cost $3,000 cash on January 1. In addition, the Company paid $500 cash for installation fees to get the equipment ready for use. The equipment had an estimated five-year useful life and an estimated salvage value of $750. The company uses the straight-line method. The amount of accumulated depreciation shown on the balance sheet and the amount of cash flow from investing activities shown of the statement of cash flows at the end of the first year, respectively, would be: $\begin{array}{llcc} \text { Balance Sheet} & \text { Statement of Cash Flows } \\\end{array}$
A. $\begin{array}{cc}&\$3,500&&&&&\$(3,500) \\\end{array}$
B. $\begin{array}{cc}&\$5500&&&&&&\$(3,500) \\\end{array}$
C. $\begin{array}{cc}&\$450&&&&&&\$(3,000) \\\end{array}$
D. $\begin{array}{cc}&\$0&&&&&&&\$(550) \\\end{array}$

A) Option A.
B) Option B.
C) Option C.
D) Option D.