An Analysis of Changes in Selected Statement of Financial Position

An analysis of changes in selected statement of financial position accounts of Johnson Company shows the following for the current year:
$\begin{array} { | l | l | } \hline \text { Property, Plant, and Equipment accounts: } & \\\hline \text { Debit entries to asset accounts } & \$ 160,000 \\\hline \text { Credit entries to asset accounts } & \$ 118,000 \\\hline \begin{array} { c } \text { Debit entries to accumulated depreciation accounts } \\\text { (resulting from sale of PPE assets) }\end{array} & \$ 91,000 \\\hline \begin{array} { c } \text { Credit entries to accumulated depreciation accounts } \\\text { (representing depreciation for the current year) }\end{array} & \$ 107,000 \\\hline\end{array}$ Johnson 's income statement for the current year includes a $14,000 loss on disposal of property, plant, and equipment. All payments and proceeds relating to purchase or sale of property, plant, and equipment were in cash.

-Total cash proceeds received by Johnson from sales of property, plant, and equipment during the current year amounted to:

A) $13,000.
B) $104,000.
C) $195,000.
D) $41,000.