Following are balance sheet data for Quality Merchandise, Inc.:
|
31-Dec |
||
|
2011 |
2010 |
|
|
Cash |
$47,000 |
$26,000 |
|
Accounts receivable, net |
141,000 |
134,000 |
|
Merchandise inventory |
83,000 |
102,000 |
|
Prepaid expenses |
9,000 |
11,000 |
|
Plant assets (net of accumulated depreciation) |
235,000 |
230,000 |
|
Accounts payable |
122,000 |
127,000 |
|
Accrued liabilities payable |
40,000 |
41,000 |
|
Capital stock |
300,000 |
300,000 |
|
Retained earnings |
53,000 |
35,000 |
Assume that the depreciation recorded in 2011 was USD 15,000. Compute the cash spent to purchase plant assets, assuming no assets were sold or scrapped in 2011.