Item$1$

$5$

points

Time Remaining $3$ hours $32$ minutes $28$ seconds$03$:$32$:$28$

Item $1$

Time Remaining $3$ hours $32$ minutes $28$ seconds$03$:$32$:$28$

Lopez Bakery had $$236,400$ in net fixed assets at the beginning of the year. During the year, the company purchased $$53,200$ in new equipment. It also sold, at a price of $$22,000,$ some old equipment that had a book value of $$5,900.$ The depreciation expense for the year was $$13,400.$ What is the net fixed asset balance at the end of the year?