Belvedere Corporation had a balance in its Equipment account on January 1, Year 2, of $333,200. During the year, equipment originally costing $89,100 and having Accumulated Depreciation of $22,200 was sold for $68,900. The ending balance of the Equipment Account was $289,700. How much did the company spend to purchase additional equipment during Year 2?
A. $91,100
B. $45,600
C. $22,200
D. $89,100
Answer: B
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