Equipment That Cost $10,000 That Had a Book Value of $6,000

Multiple Choice

Equipment that cost $10,000 that had a book value of $6,000 was sold for $7,000. Data from the comparative balance sheets are:
$\begin{array}{lrr}&12/31/17&12/31/16\\\hline \text { Equipment } & \$ 420,000 & \$ 310,000 \\\text { Accumulated Depreciation } & 59,000 & 36,000\end{array}$

Equipment purchased during 2017 cost

A) $120,000.
B) $110,000.
C) $145,000.
D) $10,000.