Phosphoric Company reported capital assets,net of accumulated depreciation,on January 1,2017,at $645,000 and $732,500 on December 31,2017.The income statement showed depreciation of $48,300 and a $5,600 loss on sale of capital assets.Phosphoric Company acquired $213,000 of capital assets during the year.The proceeds from the sale of capital assets were:

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The Answer of Phosphoric Company reported capital assets,net of accumulated depreciation,on January 1,2017,at $645,000 and $732,500 on December 31,2017.The income statement showed depreciation of $48,300 and a $5,600 loss on sale of capital assets.Phosphoric Company acquired $213,000 of capital assets during the year.The proceeds from the sale of capital assets were:

Phosphoric Company Reported Capital Assets,net of Accumulated Depreciation,on January 1,2017,at