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The Following Information Was Drawn from Empire's 2012 and 2011Year 20142013 Investment securities$105,000$112,500\begin{array}{|l|l|l|}\hline &2014&2013\\\hline \text { Investment securities} & \$ 105,000 & \$ 112,500 \\\hline\end{array}

Question 80

Multiple Choice

The following information was drawn from Empire's 2012 and 2011Year 2 and Year 1 year-end balance sheets. 20142013 Investment securities$105,000$112,500\begin{array}{|l|l|l|}\hline &2014&2013\\\hline \text { Investment securities} & \$ 105,000 & \$ 112,500 \\\hline\end{array} Empire incurred a $1,500 loss on the sale of investment securities during 2014Year 2.No investment securities were purchased during Year 2.Based on this information alone,what is the amount of cash that was collected from the sale of securities?


A) $7,500
B) $6,000
C) $9,000
D) $1,500

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