Question: 7. On January 1, 2017, Agronomist Inc. had a balance of $340,000 in the long-term investments account. During 2017, Agronomist Inc. sold long-term investments

7. On January 1, 2017, Agronomist Inc. had a balance of $340,000 in the long-term investments account. During 2017, Agronomist Inc. sold long-term investments for $115,000 cash, resulting in a $13,000 gain. On December 31, 2017, the long-term investments account showed a balance of $380,000. The long-term investments purchased during 2017 totaled: (1 Point) $75,000 $265,000 $155,000 $142,000

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