Acme Enterprises purchased equipment for $260,000 on January 1, 2020 (year 1). The equipment is expected to have a five-year life and a residual value of $10,000. Acme also spent $12,000 on gas each year for the equipment. Using the straight-line depreciation method, what amount of equipment (net of depreciation) would Acme report on its 2021 balance sheet (year 2)? (just enter the number, without any commas or a dollar sign)