The Bell Corporation Had a Balance in Its Equipment Account

The Bell Corporation had a balance in its Equipment account on January 1, 2013 of $325,000. During the year, equipment originally costing $85,000 and having Accumulated Depreciation of $20,000 was sold for $67,000. The ending balance of the Equipment Account was $275,000. How much did the company spend to purchase additional equipment during 2013?

A) $20,000
B) $35,000
C) $85,000
D) $87,000