The following selected account balances are taken from the records of cooper corporation for the past two years.

december 31

2018 2017

equipment $750 $400
accumulated depreciation 160 225
land 92 50
bonds payable 30 50
common stock 120 100
additional paid in capital 400 320
retained earnings 825 675
other information available for 2018:
· net income for the year was $200.
· depreciation expense on plant and equipment was $70.
· equipment with an original cost of $200 and accum. dep. of $135 was sold at a gain of $5.
· no land was sold during the year.
· both new equipment and land were purchased during the year.
· bonds payable were retired
· common stock was issued for cash.
· cash dividends were declared and paid.
how much cash did cooper corp. receive from the sale of equipment?

a. 60
b. none of the above
c. 195
d. 70
e. 135