A company bought a new display case for $42,000 and was given a trade-in of $3,500 on an old display case, so the company paid $38,500 cash with the trade-in. The old case had an original cost of $35,500 and accumulated depreciation of $28,000. The company should record the new display case at:

A $43,000 B $42,000 C 7500 D 3500 E 38500