Following are partial balance sheet data for CCR Ltd. as at December 31, 20x2 and 20x1, and the partial income statement for the year ended December 31, 20x2: Balance Sheets - 20x2 20x1 Cash $7,000 $4,000 Plant and equipment 330,000 360,000 Accumulated depreciation (98,000) (82,000) Income Statements - Gain on sale of vehicle Depreciation 20x2 2,000 (28,000) During the year, the company sold a vehicle with a cost of $30,000 and accumulated depreciation of $12,000. The company uses the direct method to present cash flows from operating activities. Which of the following is the correct amount for cash paid for depreciation? Select one: a. $14,000 b. $0 c. $28,000 d. $16,000 X The correct answer is: $0