Question $9$

$1$ pts

$\backslash$table$[[$Equipment$,,$$$,340,000],[$beginning of year,,$],[$Equipment$,$ end of$,,],[$year$,,]]$

Equipment with a cost of $$20,000$ and a book value of $$6,000$ was sold during the year for cash of $$18,000.$ Additional equipment was purchased during the year for cash.

What was the amount of cash paid for purchases of equipment during the year?

$\backslash$table$[[$$$62,000$