Chorba Chocolates had the following account balances on its balance sheets at December 31, 2012 and 2011, respectively:
12/31/12 12/31/11
Fixed Assets $80,000 $67,000
Accumulated Depreciation 44,000 39,000
Depreciation expense for 2012 was $7,000. There were no gains or losses on the 2012 income statement. One fixed asset with an original cost of $8,000 was sold during 2012.What was the cash flow associated with the acquisition of fixed assets by Chorba Chocolates in 2012?
A) $(2,000 )
B) $(8,000 )
C) $(14,000 )
D) $(13,000 )
E) $(21,000 )
E
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